IKO Eyes Hagerstown, Maryland, for Manufacturing Complex
The new $70 million IKO site is located at 100 Tandy Drive in Hagerstown, which was the former home of Radio Shack's facilities. Company officials anticipate new plant will start production in mid-2020, and will create 40 jobs locally by the end of that year.
The 500,000 square foot manufacturing and warehouse site will mark IKO's first new location in the northeast since it began its U.S. operations in Wilmington, Delaware in 1981, company officials said.
"Hagerstown is another example of IKO's commitment to building the strongest and most state of the art production network in our industry," stated Guy Tremblay, IKO's Vice President of North American Operations.
"No one in the industry has made the kind of investments in their manufacturing capabilities in the marketplace in the past 15 years that matches IKO. We're tremendously proud to be announcing this project, and equally as proud to be able to become a member of the business community in Hagerstown," he said.
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
What Should High-Growth Companies Look for in a Community?
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
A Changing Food Manufacturing Industry
2017 Food Processing
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
The Trade War and Its Impact on the Location Decision Process