Japan-based flexible packaging and high-performance film manufacturer Takigawa is set to invest approximately $46m for the establishment of its first production operation in Kentucky, US.
The new operation will be able to generate 180 full-time jobs and primarily serve the high-impact packaging sector.
The 180,000ft² manufacturing unit will be constructed on a greenfield site in Bardstown with an aim to meet the growing demand in the region.
Kentucky governor Matt Bevin said: “Kentucky’s food and beverage industry has grown consistently in recent years, and that momentum continued with the addition of Takigawa.
“I commend the economic development teams at both the state and local level for helping to bring this amazing company to Kentucky. This will be a fantastic addition to the corporate community in Nelson County.”
In a bid to encourage the investment and create new jobs in the region, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Takigawa for tax incentives up to $2m through the Kentucky Business Investment programme.
Takigawa Japan president Hiroyuki Takigawa said: “After conducting a lengthy national site selection process, Takigawa is excited to have selected Bardstown, Kentucky as the home of our new US facility.
“The Kentucky Cabinet for Economic Development and Bardstown’s leadership made us feel welcome from the first visit to the last and exceeded our expectations in providing for all of our needs.
“We look forward to a long and prosperous economic partnership with the City of Bardstown.”
As part the deal, the company could also receive resources from the Kentucky Skills Network, which provides no-cost recruitment and job placement services, customised cost-effective training and job training incentives to several businesses.