Plastikon Industries is investing $6.35 million and creating 100 jobs in Leitchfield, Kentucky. The auto supplier will purchase a second, 90,000-square-foot facility in the city.
"Our 120 team members and managers have proved their dedication, loyalty, and hard work, establishing our presence in the Midwest as a first-class injection molding facility," said Fred Soofer, president and CEO of Plastikon. "Their efforts have resulted in further business opportunities for us. Additionally, the good logistical location, receptive work force, and cooperation of state and local officials gave us the conviction and confidence to set up our second plant, not only in Kentucky, but in Leitchfield."
The Kentucky Economic Development Finance Authority has preliminarily approved Plastikon Industries Kentucky for tax incentives up to $1.5 million through the Kentucky Business Investment program.
Plastikon produces plastic auto interior trims for tier one and tier two auto suppliers. It currently employs 120 people in Leitchfield and expects the new plant to be at full production by November 2011.