Staunton River Plastics is investing $34 million in a new 250,000-square-foot manufacturing plant in Virginia.
The factory could create 200 jobs by 2024, but operations will begin by mid-2021.
The site was the former home of a Burlington Industries textile mill that employed 1,300 people, but the mill closed in 2007.
The project is being propped up by nearly $4 million in incentives from state and local government.
According to reports, the new plant will make essential components for products used in the fight against COVID-19.
Staunton River Plastics is a subsidiary of Rage Corp., which is based in Ohio. Rage makes products used in the healthcare and beauty industries.