Kingspan Insulation Plans $25 Million Upgrade To Its Frederick County, Virginia, Manufacturing Plant
In November 2014 Kingspan acquired Pactiv LLC’s Building Products division, which included the manufacturing plant. The company will invest in plant upgrades and new equipment, creating 15 new jobs.
“We are committed to innovation and growth to meet our customers’ needs,” said Kingspan Insulation North America’s Managing Director Alswinn Kieboom. “We are pleased to partner with Frederick County and the Virginia Economic Development Partnership to grow our facility. Our plant has strong roots in the community that date back more than 35 years.”
Virginia Economic Development Partnership worked with Frederick County to secure the project for Virginia. Governor Terry McAuliffe approved a $500,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies.
Governor McAuliffe said, “We are proud to partner with Kingspan Insulation as it increases production capacity and expands job opportunities for Virginians. Investment in advanced manufacturing and technologies for the future is a key component of building a new Virginia economy.”
“Kingspan Insulation’s significant investment to expand in Frederick County is a testament to the region’s outstanding talent, infrastructure and quality of life,” said Secretary of Commerce and Trade Maurice Jones. “The creation of new jobs in the manufacturing sector will help to grow and diversify the economy in Frederick County and the Commonwealth.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Nondisclosure Agreements Best Practices When Negotiating Incentives