May 27, 2021
RICHMOND—SIBO Group, a Slovenia-based manufacturer of plastic closures for tubes, containers, and other packaging systems, will invest $2.6 million to establish its U.S. corporate headquarters and a new manufacturing operation in the City of Harrisonburg, Virginia. The new facility, operating as subsidiary SIBO USA, LLC, will be located at 810 North Main Street, according to a release from Virginia Governor Ralph Northam and the Virginia Economic Development Partnership (VEDP). The project is expected to create 24 new jobs.
“It is a strong vote of confidence in our business climate when an international company chooses Virginia as its gateway into the U.S. market,” said Virginia Governor Ralph Northam, in the release. “We are proud to welcome SIBO USA to Harrisonburg, where the company will find a topnotch workforce with a wealth of manufacturing experience.”
Founded in 1967, SIBO Group began by producing plastic closures for the cosmetics industry. The company now manufactures plastic caps and shoulders, molds, technical components, and other items, supplying many of the world’s leading brands in the fields of oral care, cosmetics, pharmacy, medicine, household, sanitary, and food products.
SIBO Group exports to more than 65 countries around the world. The company is said to have more than 300 customers worldwide, and to produce more than five billion pieces per year. The establishment of SIBO USA will help the company provide better service to its North American customers, according to the release.
“Virginia has long been a manufacturing stronghold, and its commitment to support our many manufacturers complement[s] SIBO GROUP’s history and long-term goals,” said Virginia Secretary of Commerce and Trade Brian Ball, in the release. “Our strategic location, access to key markets, world-class amenities, and skilled talent makes Harrisonburg an ideal launch pad for SIBO’s future growth.”
The Virginia Economic Development Partnership worked with the City of Harrisonburg to secure the project for Virginia. It will support SIBO USA’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs, in an effort to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. The VJIP is state-funded.
“SIBO Group decided to establish its first U.S. production facility in Harrisonburg and to commit our production resources to Virginia’s Shenandoah Valley due to the welcoming culture, strategic geographical position, investment-friendly state incentives, advanced infrastructure, economically active and innovative population, highly-qualified human capital, and tradition of industrial manufacturing,” said Mat Zakotnik, CEO of SIBO USA, in the release. “Our global team analyzed potential investment opportunities across the U.S., and we concluded that Virginia and Harrisonburg offer the best deal for our mutual success, not only in the form of market expansion opportunities for SIBO USA, but also by providing unprecedented local job creation potential, inclusive local community, and long-term corporate partnership.”