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Veronica Garabelli// November 22, 2013//
A Chinese furniture maker will invest $2.1 million to set up its first U.S. furniture manufacturing facility in Smyth County. The operation is expected to create 125 jobs.
Liaoyang Ningfeng Woodenware Co. will name its U.S. subsidiary New Ridge LLC. Liaoyang was established in 1998 and is headquartered in Liao Yang, China. The company, which employs more than 550 people, has operations in Russia and Northeast China. Liaoyang manufactures solid wood bathroom furniture that is shipped to IKEA stores around the world.
In addition to furniture manufacturing, the company will expand into lumber production.
Gov. Bob McDonnell approved a $250,000 grant for the project. The Virginia Tobacco Indemnification and Community Revitalization Commission also approved $450,000 in funds.
Virginia competed against Kentucky, Tennessee and West Virginia for the project.
