Germany-based Klöckner Pentaplast Expands Louisa County, Virginia, Plant
The company is a global leader in rigid and flexible packaging, printing, and specialty solutions, serving the pharmaceutical, medical device, food, beverage, and card markets.
“We are pleased with the support from Governor Northam and appreciate the partnership with the Commonwealth and Louisa County,” said Tracey Peacock, President of the Pharma & Medical Device Division at Klöckner Pentaplast. “We are excited with the capacity expansion and technology improvements at our Gordonsville facility to service the North American market while supporting local jobs within our community. Our technology provides safety and protection for pharmaceuticals and medical devices, essential for the well-being and health of everyone.”
As an incentive, Virginia Economic Development Partnership worked with Louisa County to secure the project for Virginia. Governor Northam approved a $300,000 performance-based grant from the Virginia Investment Performance (VIP) program, an incentive that encourages capital investment by existing Virginia companies. Klöckner Pentaplast is also eligible to receive Sales and Use tax exemptions on manufacturing equipment.
“Plastics manufacturing companies represent one of Louisa County’s strongest industry sectors, and we are delighted that Klöckner Pentaplast has chosen to expand their manufacturing operation in Louisa County,” said Chairman of the Louisa County Board of Supervisors Toni Williams. “Since locating in Louisa County in 1979, Klöckner has been an engaging community partner, and the Louisa County Board of Supervisors is proud to support their expansion efforts.”
“For 40 years Klöckner Pentaplast has played a significant role in the success of the Commonwealth’s advanced materials industry, which employs over 22,000 Virginians,” said Secretary of Commerce and Trade Brian Ball. “The company’s $25 million investment is a strong testament to Central Virginia’s strategic location and business-friendly environment, which continues to attract leading advanced manufacturers from around the world. We thank Klöckner Pentaplast for its contribution to Virginia’s economic growth and look forward to the creation of 34 new jobs in Louisa County.”
“Klöckner Pentaplast is a valued major employer with more than 700 employees and a long history of reinvesting in Louisa County,” said Governor Ralph Northam. “For over four decades, Klöckner Pentaplast has demonstrated a commitment to creating new jobs and opportunities for Virginians, and this significant investment further solidifies the company’s longevity in the Commonwealth.”
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