Germany-based Klöckner Pentaplast Expands Louisa County, Virginia, Plant
01/17/2019
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.”
Project Announcements
Piramal Pharma Solutions Expands Lexington, Kentucky, Operations
10/04/2024
G&H Decoys Plans Corning, Arkansas, Headquarters-Manufacturing Operations
10/04/2024
Britain-Based Ultimate Defense Technologies Establishes Billings, Montana, Operations
10/04/2024
Google Plans Dorchester County, South Carolina, Data Center Operations
10/04/2024
Sirius Analysis Plans Virginia Beach, Virginia, Headquarters
10/04/2024
South Korea-Based ILJIN Plans Auburn, Alabama, Manufacturing Operations
10/04/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024