WS Packaging Group, Inc. will invest $43 million to expand its current operations in Knoxville, Tennessee
, by opening a new location in the PBR Building, located at 10215 Caneel Dr. In order to increase its operations to accommodate more industry market share, WS Packaging Group will also consolidate its Knoxville facilities to this more central location and create 231 new jobs.
WS Packaging Group, Inc. is one of the largest label converting operations in North America with more than 45 years of experience in label printing and packaging. “WS Packaging Group has a long-standing history as a leading provider of complex label solutions for branded consumer and business-to-business products for companies throughout North America,” WS Packaging CEO Rex Lane said. “This expansion in Knoxville will allow us to meet the changing and growing needs of our customer base. It also will enable us to leverage a strong business environment, with support from the Tennessee Department of Economic and Community Development
, to create additional employment opportunities.”
“WS Packaging’s $43 million expansion represents one of the largest manufacturing capital investments by an existing industry in Knox County in the past decade,” Knoxville Chamber President and CEO Mike Edwards said. “This is precisely why we have a sharp focus on business retention and expansion programs in our Innovation Valley economic development strategies.”
“TVA congratulates WS Packaging Group in Knoxville on their major expansion announcement that will add quality jobs for area residents,” TVA Senior Vice President of Economic Development John Bradley said. “TVA and Lenoir City Utilities Board value the partnership with the state of Tennessee, Knoxville Chamber, and city and county leaders, which assists existing businesses to invest and grow locally.”