RICHMOND, Va. (CBSDC/AP) — Honeywell plans to spend $27.5 million to increase its Chesterfield County operation’s production capability.

Gov. Bob McDonnell said Monday in a news release that the project will add 50 jobs.

“Honeywell began operations in Virginia as early as 1928, and it is gratifying that the company continues to thrive more than 80 years later,” said Jim Cheng, Virginia Secretary of Commerce and Trade.

The Chesterfield County operation produces polyethylene fiber for bullet-resistant vests and other ballistic protection used by the U.S. military and and law enforcement. The fiber also is used in some industrial applications.

McDonnell has approved a $300,000 performance-based grant from the Virginia Investment Partnership program for the expansion.

The Virginia Department of Business Assistance will provide support for recruitment and training activities.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


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