FyberX has announced plans to invest $17.5 million to open a production and headquarters location in Mecklenburg County, Va. Founded in 2019, the company developed technology to turn raw agricultural biomass into refined natural fibers. It will process hemp and other agricultural products into textile fibers and employ 45 people when the facility opens.
“This industry is an emerging market in the United States, and I welcome the opening of the headquarters of FyberX which will unlock its growth potential in the Commonwealth,” said Virginia Governor Glenn Youngkin. “This industry provides a sustainable alternative for industrial and consumer products that will also bring economic benefits to Virginia communities and farmers, and we look forward to a successful partnership with FyberX.”