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Area Development - Site Selection, Facility Planning and Workforce Development

Washington Penn Plastic Establishes Winchester, Kentucky, Production Operations

04/18/2024
Washington Penn Plastic Co., a provider of polypropylene and polyethylene compounds, plans to establish manufacturing operations in Winchester, Kentucky. The approximately $105 million project is expected to create 88 jobs in Clark County.

The investment will include the construction of a new 250,000-square-foot facility located on 70 acres which will produce polypropylene and polyethylene compounds in pellet form. Completion is scheduled for 2025.

“Washington Penn is excited to continue working with its partners in Kentucky and the Winchester community and to begin operations in Winchester,” said Will Torpey, president of Washington Penn.

The Kentucky Economic Development Finance Authority preliminarily approved an incentive agreement with the company under the Kentucky Business Investment program. KEDFA also approved the company for additional tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

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.

“It is an exciting time to be doing business here in the commonwealth, and companies throughout the U.S. and around the world are taking advantage of our state’s business-friendly environment,” noted Governor Andy Beshear. “I am thrilled to be here today celebrating this welcomed next step for Washington Penn, the community of Winchester and the state’s manufacturing sector. I look forward to watching the company’s continued success here in Kentucky.”

In addition, Washington Penn can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“Washington Penn’s growth and new location in Winchester is a perfect combination of planning, collaboration and success,” added John Bevington, senior director of Business and Economic Development. “The planning and development of this site by the Winchester Clark County Industrial Authority; the collaborative investment in site readiness by the KPDI program, the community and KU’s Opportunity Kentucky grant and Washington Penn’s growth and success in Kentucky are a near perfect economic development picture. Congratulations and thanks to all involved.”

Washington Penn Plastic focuses on developing custom solutions to meet the material needs of its customers in the automotive, appliance, construction and consumer markets. The company currently operates over 40 plastic compounding lines in eight facilities across North America, Asia and Europe.

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