Estron Chemical Plans $4.9 Million Global Process Design-Manufacturing Center in Marshall County, Kentucky
The company plans to construct the new 10,000-square-foot plant – double the size of its current 70-year-old facility – on North Main Street. The facility will accommodate equipment needed to support Estron Chemical’s process design and manufacturing functions, as well as provide additional laboratory space. It is expected to be operational next summer.
“We are truly pleased to have been able to partner with the Commonwealth in what we feel is a big win-win for the local community, Kentucky and Estron’s valued employees,” said Estron Chemical President Alexander Skora. “We are excited to be able to site this strategically important facility in Calvert City as it will bring state-of-the-art technological capabilities to the area and create well-paying and rewarding jobs that will fortify Estron’s place in the surrounding community for many years to come.”
To encourage the investment in Marshall County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $800,000 through the Kentucky Reinvestment Act. The performance-based incentive provides tax credits to an existing Kentucky company engaged in manufacturing and related functions that will be investing in eligible equipment and related costs of at least $2.5 million.
“Estron Chemical has been a great corporate partner, but this investment takes things to the next level,” said Governor Steve Beshear. “I want to thank Estron for its continued investment in the Commonwealth and for creating more opportunities for our workforce and their families.”
“It is exciting when companies find a unique status in the marketplace,” said Calvert City Mayor Lynn Jones. “It is more exciting to see ongoing investments to continue and enhance production and profitability. Estron’s announcement signifies a strong commitment to the Calvert City team, and I applaud Estron’s management for its confidence and proactive spirit. Calvert City is proud that Estron calls us home.”
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