Wolverine Advanced Materials is planning to expand its specialty rubber coated materials manufacturing operation in Montgomery County, creating 93 jobs.
Gov. Terry McAuliffe said Thursday that Wolverine will invest more than $10 million in the expansion. Officials say Virginia successfully competed against China, Florida and Illinois for the project.
The company produces high-performance materials used in automotive and industrial noise reduction for brake and sealing applications. It has had operations in Montgomery County since 1974.
McAuliffe approved a $250,000 grant from the Governor's Opportunity Fund for the project. The company also will receive benefits from the Port of Virginia Economic and Infrastructure Development Grant Program.