A Chinese-based manufacturer is the new owner of the former Ball Corporation plant, which will be the site of a “major economic development announcement” later today.
Merchant House International Limited, which is based in Hong Kong, issued a written statement Dec. 7, notifying ASX Limited — Australian Securities Exchange — that it acquired the plant and plans to manufacture textiles there.
“Merchant House International Limited wishes to advise that the group has completed the acquisition of a factory in Bristol, Virginia. The factory is planned to manufacture bath towel products, primarily for sale in the U.S. market,” according to the statement signed by David McArthur, Merchant House company secretary.
On Friday, Gov. Terry McAuliffe’s office confirmed that the governor would make an “economic development announcement” today in Bristol. The ceremony is scheduled to begin at 1 p.m., at the former Ball plant on Old Abingdon Highway.
