RICHMOND, VA — Polyzent Trading, a Virginia-based startup specializing in industrial stretch film wrap, announced that it will invest $1.1 million to establish its first-ever manufacturing facility in the City of Lynchburg. The project will create 20 new jobs across manufacturing, marketing, and management as the company scales production for customers throughout the Commonwealth and beyond.
Governor Glenn Youngkin said Polyzent’s decision underscores Virginia’s ongoing strength in advanced manufacturing. “Polyzent’s investment in Lynchburg shows that Virginia isn’t just the best place to do business — it’s the best place to build, innovate, and grow,” he said. “As our manufacturing sector expands, so does the demand for reliable shipping materials to move Virginia-made products to market. By producing high-quality wrap right here in the Commonwealth, Polyzent is amplifying the momentum of our manufacturing boom and helping more businesses succeed in Virginia.”
Polyzent manufactures cast stretch film used for palletizing and secure shipping — critical materials for manufacturers, warehouses, distributors, and logistics providers. With manufacturing operations scheduled to launch in December 2025, the Lynchburg facility will feature a fully automated extrusion line capable of producing 40 to 50 tons of stretch film per month, significantly strengthening supply chain reliability for Virginia’s industrial base.
Secretary of Commerce and Trade Juan Pablo Segura emphasized the critical role Polyzent will play in supporting regional logistics and distribution. “When it comes to shipping and logistics, stretch film is literally holding it all together,” Segura said. “Polyzent’s decision to establish operations in Virginia is a sure sign of the bright future that lies ahead for Virginia manufacturers and distributors.”
Polyzent Founder Dhaivat Patel said the company is committed to building domestic capacity and reducing dependence on imported film. “With our stretch-film manufacturing facility launching in December 2025, Polyzent is committed to producing high-quality cast film right here in Virginia,” Patel said. “Local extrusion means shorter lead times, consistent quality, and reduced dependence on foreign stretch-film imports. As we expand into specialty films and sustainable packaging solutions, we invite Virginia manufacturers and national supply-chain partners to support American-made film and help build a stronger industrial future.”
Lynchburg leaders praised the announcement as a major boost to the region’s economic momentum. Lynchburg Regional Business Alliance Board Chair Chris Hughes said the project demonstrates the city’s growing appeal for innovative manufacturers. “Polyzent’s decision to launch its first manufacturing operation in Lynchburg is a strong testament to the momentum of our regional economy,” Hughes said. “This investment brings new jobs, expanded capabilities, and fresh opportunities across our manufacturing and distribution sectors.”
Hughes also credited the work of the Lynchburg Economic Development Authority and the city’s Office of Economic Development & Tourism. “Their vision, responsiveness, and commitment to growth continue to propel Lynchburg as a destination where innovative companies thrive,” he added.
Lynchburg Mayor Larry Taylor welcomed the project, noting the community’s strong manufacturing heritage. “We are excited to welcome this Virginia-based manufacturer to the City of Lynchburg,” Taylor said. “Their investment represents confidence in our city’s economy and workforce. Our supportive climate and deep manufacturing roots make it the perfect place for companies like this to launch, grow, and succeed.”
State legislators also applauded the announcement. Senator Mark Peake said Polyzent’s investment represents the type of manufacturing growth that continues to strengthen Virginia’s economy. “By choosing to build and hire locally, this Virginia-based company is not only creating quality jobs but also strengthening our supply chains and advancing innovation in sustainable packaging,” Peake said.
Delegate Wendell Walker added that Polyzent’s investment reflects confidence in central Virginia’s workforce. “Today’s announcement is another win for Lynchburg and for the hardworking people of central Virginia,” he said. “Polyzent’s $1.1 million investment and the creation of 20 new jobs speak to the strength of our local workforce and the confidence employers continue to place in our region.”
To secure the project, the Virginia Economic Development Partnership (VEDP) worked alongside the City of Lynchburg and will support Polyzent through the Virginia Jobs Investment Program (VJIP). VJIP provides consultative services and funding to assist companies with recruitment and training, reducing workforce development costs and supporting job creation statewide.
