RICHMOND - Governor Bob McDonnell today announced that NBG Holding GmbH, an Austrian-based manufacturer of stainless steel tubes with integrated optical fiber, will invest $5 million to establish Fiber Cable Technology (FCTech), its first U.S. subsidiary, in Botetourt County. The project will create 25 new jobs. Average wages for the new jobs will range from $70,000- $80,000.

RICHMOND - Governor Bob McDonnell today announced that Fareva, a privately-held international contract manufacturing firm that operates in four business segments—homecare and industrial, cosmetics, pharmaceuticals, and food, will acquire and invest $42 million in Pfizer’s consumer products manufacturing site in Henrico County. Fareva will continue to operate the facility, which manufactures and packages brand-name products such as Advil, Chapstick and Robitussin.

RICHMOND - Governor Bob McDonnell today announced that TREAD Corporation, a manufacturer of bulk handling equipment servicing the explosives industry on a worldwide basis, will invest $5 million to expand its operations in Botetourt County. The project will create 100 new jobs. Virginia successfully competed against South Carolina for the project.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of five Northern Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of three Southwest Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of two Hampton Roads companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

The new companies accepted into the program include Paramount Industrial Cos., Inc. of Norfolk; and TST – Tactical Defense Solutions of Virginia Beach.

RICHMOND - The Virginia Economic Development Partnership (VEDP) today announced the acceptance of three Central Virginia companies into its two-year Virginia Leaders in Export Trade (VALET) program. Launched in January 2002, the program assists exporters in the Commonwealth that have firmly established domestic operations and are committed to international exporting as an expansion strategy.

RICHMOND - Six companies from across the Commonwealth will graduate Thursday from VEDP’s Virginia Leaders in Export Trade (VALET) program, touting impressive results from their newly acquired tools to successfully export products and services overseas. The graduating companies will be recognized during a noon luncheon at the downtown Omni Hotel.

RICHMOND - Governor Bob McDonnell today announced that Spiniello Co., a leader in underground infrastructure construction, will establish an operation in Dinwiddie County. The facility will produce cured-in-place-pipe (CIPP) liners to repair underground utilities, ultimately creating 35 new jobs.

RICHMOND - Governor Bob McDonnell today announced that ITT Defense and Information Solutions, an operating segment of ITT Corporation, will invest up to $5 million to establish its new corporate headquarters in Fairfax County following completion of its previously announced spin-off from ITT later this year.

ITT’s Defense and Information Solutions segment already has a strong presence in Virginia with its headquarters in McLean, its Information Systems division based in Herndon and its Geospatial Systems division based in Roanoke.