Wastequip Plans Mt. Sterling, Kentucky, Distribution Hub
The new Wastequip Distribution Center is located at 200 Oak Grove Drive with nearly 100,000 square feet of space to store over 30,000 units of tarping equipment, OEM and aftermarket parts. The location will primarily support Pioneer and Go To Parts branded products, as well as house a shipping center and offices for corporate and customer service staff.
Wastequip invested in the new location to centralize purchasing, customer service, inventory management and supply chain functions to enhance operating efficiency and provide space for growth in the future. The facility will accommodate Wastequip’s plans to expand aftermarket parts distribution, and is expected to be operational by July 2020.
“In every facet of our business, Wastequip always strives to better serve the needs of our customers,” said Marty Bryant, Wastequip CEO. “This new distribution center is a catalyst for centralizing our operations for more efficient shipping and enhanced customer service. As a Kentucky native, I am proud to support the economic development of Montgomery County, and we are excited that this investment will accelerate our strategic growth plans.”
Founded in 1989 and headquartered in Charlotte, North Carolina., Wastequip manufactures waste handling equipment, with an international network of manufacturing facilities. The company’s range of waste equipment, trucks and systems are used to collect, process and transport recyclables, solid waste, liquid waste and organics. Its brands include Wastequip, Toter, Galbreath, Pioneer, Mountain Tarp, Cusco, Go To Parts, Amrep and Accurate. Wastequip employs more than 2,000 people across 38 facilities in the US.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.9 million in tax incentives based on the company’s investment of $7.28 million and annual targets of: Creation and maintenance of 100 Kentucky-resident, full-time jobs across 15 years that pay an average hourly wage of $27 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Wastequip can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
“I am proud to welcome this new Wastequip facility in Montgomery County, and I look forward to the company’s continued growth in the commonwealth,” Governor Andy Beshear said. “Job creation, such as the 100 positions associated with this project, is the type of progress our administration will continue to push for in the years ahead. I want to thank Wastequip for its commitment to the Mt. Sterling community, our state and our skilled workforce.”
Mt. Sterling Mayor Al Botts said; “The City of Mt. Sterling welcomes the news that Wastequip will be joining our wonderful community,” Mayor Botts said. “The jobs and opportunities that they will provide are so important to the economic success of this area. This is another indication that our community is trending in the right direction, and that great companies like Wastequip see Mt. Sterling-Montgomery County as a great place to invest in.”
Sandy Romanesko, executive director of the Mt. Sterling-Montgomery County Industrial Authority and Chamber of Commerce, said; “The Mt. Sterling-Montgomery County Industrial Authority and Chamber of Commerce are ecstatic to hear that Woodlands Industrial Park in Montgomery County will be the location for Wastequip,” Romanesko said. “We are here to assist in any way we can to ensure the success of Wastequip and look forward to adding them to our manufacturing community. We also want to thank Agracel for being so helpful through the process of securing this location for Wastequip.”
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