Kingspan Insulated Panels Invests $2.5 Million To Establish North American Headquarters In Deland, Florida
06/27/2013
Kingspan LTD., a multinational business enterprise headquartered in the United Kingdom, is the parent company of Kingspan Insulated Panels, Inc. The company employs 132 individuals in DeLand, and more than 400 in North America. The company selected DeLand over Ontario due to year-round climate advantages and lower production costs, the Governor’s Office said.
“We are pleased to contribute positive momentum to the Central Florida economy,” said Fergal Murphy, Vice President of Sales, Kingspan Insulated Panels, Inc.
Gov. Rick Scott said, “Kingspan’s decision to establish their North American headquarters in DeLand is great news for Florida families. Industry-leading companies like Kingspan are the reason we worked so hard in the recent legislative session to improve the tax climate for manufacturing companies. We successfully eliminated taxes on manufacturing equipment and by removing burdensome rules and regulations, companies are able to use their resources to grow and create jobs. IT’S WORKING in Florida.”
“The manufacturing industry in Florida is growing thanks to our improved business climate,” said Secretary of Commerce and President and CEO of Enterprise Florida Gray Swoope. “In addition to removing unnecessary taxes on manufacturers, Florida’s strong workforce and top-ranked infrastructure make this the perfect state for manufacturers to locate and expand. We’re thrilled that Kingspan has chosen Florida as the home for its North American headquarters.
Kingspan Insulated Panels, Inc. has been approved for Qualified Targeted Industry incentives of up to $90,000 in performance-based tax refunds in return for creating new jobs at an average annual wage of $37,354 or more. The Volusia County Council contributed to this performance-based incentive by approving the required local financial support amount of 20 percent, or $18,000.
The project was made possible because of the partnerships at the state and local levels. Along with Enterprise Florida, Inc., the City of DeLand, Volusia County, Workforce Florida and the Center for Business Excellence worked with Kingspan Panels to make this move possible.
Project Announcements
GMAX Industries Plans Winston-Salem, North Carolina, Production Operations
07/14/2025
ORBCOMM Expands Sterling, Virginia, Operations
07/14/2025
Clayton Supply Expands Morristown, Tennessee, Production Operations
07/14/2025
Fine Organic Industries Limited Plans Jonesville, South Carolina, Operations
07/14/2025
Wayne-Sanderson Farms Establishes Danville, Arkansas, Feed Mill Operations
07/11/2025
Spiritus Technologies PBC Plans Santa Fe, New Mexico, Operations
07/10/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
In Focus: AI Is Changing Incentives Math
Q2 2025
-
How to Choose the Right Site for Your Factory in 2025’s Volatile Landscape
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025
-
Manufacturing’s New Risk Game for Site Selection
Q2 2025