– Project represents largest foreign direct investment by China-based, privately owned company in U.S. –
Tranlin, Inc., the newly-formed U.S. subsidiary of a leading Chinese pulp and paper company, announced today that the company will invest $2 billion over the next five years to build and operate the company’s first U.S. advanced manufacturing facility in Chesterfield County, Virginia. The company’s investment in this state-of-the-art facility represents the largest foreign direct investment ever led by a China-based, privately owned company in the U.S and will generate more than 2,000 jobs in Virginia by 2020.
Tranlin, Inc.’s Chesterfield County facility will use the company’s innovative, proprietary technology to produce tree-free, non-chlorine bleached, 100% straw paper products made exclusively from organic agricultural field waste such as wheat straw and corn stalks. In addition to developing these pioneering all-natural paper products, Tranlin, Inc.’s new facility will push the frontiers of organic agriculture in the U.S. by converting the residuals from its paper manufacturing process, known as black liquor, into humus-based organic fertilizer that will be supplied to farmers and home owners throughout the U.S.
“We are pleased that Virginia and Chesterfield County will be the site of our first U.S. advanced manufacturing operation,” said Mr. Hongfa Li, Chairman and President, Shandong Tranlin Paper Co., Ltd., the China-based parent company for Tranlin, Inc. “Virginia has abundant resources of agricultural stalks, power and water supply, manpower, and a strong transportation system—all necessary tools that guarantee Tranlin’s future development. More importantly, the Virginia team’s flexibility, patience, teamwork, cooperation, and above all, passion for foreign investment, factored into our decision. After an in-depth feasibility study that occurred over the past year, we have all the reasons to say “Yes, Virginia.”
“We are very excited about joining the welcoming community of Virginia and Chesterfield County,” said Jerry Z Peng, Chairman and CEO of Tranlin, Inc., Tranlin group’s recently established U.S. entity. “We are even more excited about the opportunity to apply our innovative technologies in building an industry-leading production base in central Virginia. We are confident this will not only provide U.S. consumers with clean and eco-friendly paper products, but also serve U.S. agricultural interests and home owners with all-natural and highly effective organic fertilizers.” Mr. Peng also noted his ties to Virginia, having received his MBA from UVA’s Darden School and currently serving on its foundation board.
“Environmental sustainability is deeply imbedded in Tranlin’s culture and guides the company’s ongoing pursuit of innovation and technological advancement. We are pleased to have the opportunity to add to Virginia’s vibrant technology and agricultural traditions by combining the most innovative approaches of eco-friendly paper production with the use of Virginia’s abundant renewable agricultural resources. Virginia is known internationally for their leadership in both areas, and that made Virginia an optimal choice for this exciting new venture,” added Mr. Peng.
Speaking about today’s announcement, Virginia Governor Terry McAuliffe said, “An investment of this magnitude, with the creation of 2,000 new jobs by 2020, represents the largest Chinese capital investment project in the U.S. This project is transformational for the economy of Chesterfield County and the surrounding region. Advanced manufacturing jobs are the heart of a strong and growing 21st century economy, and symbolize the economic recovery taking place across the nation. The opportunity to welcome a leading, global company’s first U.S. manufacturing operation and simultaneously strengthen Virginia’s relationship with China is invaluable. Economic development is a team effort, and it is the collaboration of the entire team that helped to convince Tranlin that Virginia is the best site for its U.S. operation. We are therefore partnering with the Major Employment and Investment Commission, and are confident this project will bring international attention to the thriving advanced manufacturing industry in the Commonwealth.”
“As we work to grow and diversify our economy, it is vital that we continue to build relationships with our largest agricultural and forestry trade partner, China, through both exports into Chinese markets and Chinese investments in business ventures here,” said Todd Haymore, Virginia Secretary of Agriculture and Forestry. “Tranlin represents a tremendous opportunity for Virginia’s corn and small grain producers by creating a lucrative new market for agricultural residuals that are typically left in the field. Based on the agricultural supply chain opportunities associated with the project, the economic benefit to farmers in this region alone could exceed $50 million per year once the project is complete and operating at full capacity. I look forward to working with Tranlin as they begin to procure needed agricultural products from our growers, to help them succeed and continue to expand their investment in Virginia.”
About Tranlin, Inc.
Tranlin, Inc. is a Delaware corporation that applies world-leading proprietary technologies to produce tree-free and non-chlorine bleached paper products and humus-based organic fertilizers. The company is the U.S.-based subsidiary of Shandong Tranlin Paper Co., Ltd. Founded in 1976 and based in Shandong Province, China, Shandong Tranlin Paper Co., Ltd. is centered on the pulp and paper industry, with an annual productivity of 400,000 tons of refined pulp, 700,000 tons of machine-made paper, 400,000 tons of organic fertilizers, and 2.4 billion food and medical packaging boxes. The company has established a diversified product structure centered on the natural products and a marketing network in accordance with demands of internationalization. The main products, with more than 100 varieties and five categories, include refined natural pulp, natural culture paper, natural household paper, food and medical packaging box and organic fertilizers. The products are sold in more than 30 provinces, municipalities and autonomous regions of China, and some products have been exported to the United States, Europe, Japan and South Korea.