Canadian containerboard product manufacturer Kruger Packaging is planning to invest $114.2m to develop an advanced packaging manufacturing facility in Hardin County, Kentucky.

Located at TJ Patterson Industrial Park in Elizabethtown, the 400,000ft² facility will be the company’s first corrugated box plant in the US.

Kentucky Governor Andrew Graham Beshear said: “This is a significant project for Elizabethtown and the commonwealth and furthers the mission of the Kentucky agritech initiative to build a better future, with higher-paying jobs for Kentuckians.

“Kruger Packaging is creating nearly 150 quality job opportunities for our residents, and I want to thank the company for this commitment to our state.

“Kruger Packaging will be a strong employer in Central Kentucky for years to come, and I look forward to watching the company grow and help build a better future for Kentuckians.”

As part of this announcement, the Kentucky Economic Development Finance Authority (KEDFA) and Kruger Packaging have signed a preliminarily ten-year incentive agreement under the Kentucky Business Investment programme.

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The KEDFA has offered to provide up to $3.45m in tax incentives based on the investment of $114.2m and other annual goals, including the creation and maintenance of jobs and an average hourly wage of $32.50.

Kruger Packaging senior vice-president and chief operating officer Michael Lafave said: “Kentucky’s pro-business climate was instrumental in our decision to invest in Hardin County.

“We are grateful for the support we received from Governor Beshear, Team Kentucky and Elizabethtown-Hardin County to make today’s announcement a reality.”

Kruger Packaging specialises in manufacturing fully recycled containerboard products, corrugated packaging, tissue products, publication and speciality papers, renewable energy, cellulosic biomaterials, and packaging for wines and spirits.