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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe 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.