RALEIGH, N.C. – (NYSE: MWV) is moving 128 jobs to Virginia by relocating its Center for Packaging Innovation from North Carolina.

The company says it plans to invest $10 million to relocate the center to the Richmond area. The center is now located in Raleigh at N.C. State’s Centennial Campus.

Local Tech Wire and WRAL.com reported in February that MWV was considering closing the Raleigh operation, which at that time employed some 140 people.

MWV upfit thousands of square feet of office space at NCSU and committed to building a new building. Those plans were scuttled last year as the recession took hold on the economy worldwide.

MeadWestvaco chief executive John Luke Jr. said the move will allow the packaging, specialty chemical and land management company to take advantage of its new headquarters in Richmond.

A MeadWestvaco spokeswoman says the transfer from North Carolina will begin this summer.

The packaging solutions and technology firm confirmed to LTW and WRAL.com this Spring that the move was possible.

“MWV is studying the possibility of relocating our CPI facility in Raleigh to the company’s new headquarters in Richmond, Virginia,” MWV said in a statement provided to WRAL.com and LTW.

“We informed our employees that this was under study a couple of weeks ago, and told them we would be making a decision in early March,” the statement added.

A spokesperson for Centennial Campus confirmed the statement after checking with MWV following an inquiry from WRAL.com and LTW.

MWV chose to open its Center for Packaging Innovation at NCSU, pleding to create some 200 jobs by 2009.

The company received a $5 million contract for tax rebates based on state payroll taxes called a Job Development Investment Grant.

No payments have been made since job targets have not been met, according to the N.C. Department of Commerce.

Last November, MWV named a new executive for global innovation, Alejandro Cedeno, to head the Raleigh operation.

Talk has long circulated that MWV might relocate the operation away from Centennial Campus, perhaps to Garner.

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