RICHMOND - Governor Bob McDonnell today announced that Oceaneering International, Inc. (NYSE:OII), a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications, will expand its presence into the City of Chesapeake. The company will consolidate its engineering, manufacturing, and administrative functions at a new, 150,000-square-foot facility to be developed by Armada Hoffler Properties, which will invest approximately $25 million to accommodate this expansion.

RICHMOND - Governor Bob McDonnell announced today that VFP, Inc., a producer of quality prefabricated structures to the telecommunications, power, and modular building industries, will invest $3.5 million to expand its manufacturing operation in Scott County. Virginia successfully competed against Tennessee for the project, which will create 50 new jobs.

RICHMOND - Governor Bob McDonnell announced today today that Liaoyang Ningfeng Woodenware Co., Ltd., a Chinese furniture manufacturer, will invest $2.1 million to establish its first U.S. subsidiary, New Ridge, LLC, in Smyth County. The company will manufacture furniture components for the Chinese market, supply its European customers with finished products from the U.S., manufacture and sell products for the U.S. market, and expand into lumber production and export to China.

RICHMOND - Governor Bob McDonnell announced today that Shearer’s Foods, one of the largest producers of private label salty snacks in North America, will invest $4.75 million to expand its operation in the City of Bristol, Virginia. The expansion will add a tortilla chip line to better serve the needs of customers in the Southeast U.S. Virginia successfully competed against Tennessee for the project, which will create approximately 20-25 new jobs.

RICHMOND - Governor Bob McDonnell announced today that Greif (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, will invest $45 million in its operation in Amherst County. The plant upgrade includes technology improvements which will deliver significant reduction in energy consumed to produce paper products.

RICHMOND - Governor Bob McDonnell today announced that Bassett Furniture Industries, Inc. (Nasdaq:BSET), a leading manufacturer and marketer of high quality, mid-priced home furnishings, will invest $1.5 million to expand its operations in Henry County. Over a three year period, the project will increase local manufacturing capacity and support operations, to grow the company’s custom casual dining business. The project will create 25 new jobs.

RICHMOND - Governor Bob McDonnell announced today that Areva Inc., a leading nuclear energy company headquartered in Charlotte, N.C., will invest $26.3 million in its operations in the City of Lynchburg and Campbell County. The company will invest in highly advanced machinery and equipment to enhance research and development (R&D) capabilities, and elevate its competitiveness in advanced manufacturing.

RICHMOND - Governor Bob McDonnell today announced that Acentia, a premier provider of technology and management solutions to the Federal Government and commercial markets, will invest $3.1 million to move its headquarters to Fairfax County. The project will create 60 new jobs.

RICHMOND - Governor Bob McDonnell announced today that Inorganic Ventures, a leading manufacturer of custom inorganic chemical blends, will invest $1.3 million to expand its headquarters, manufacturing and distribution operation in Montgomery County. The company will add 20,000 square feet to its current facility and create 21 new jobs.

RICHMOND - Six companies from across the Commonwealth graduated 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.