Canadian company Kruger Packaging to create 150 jobs in Elizabethtown

0


ELIZABETHTOWN, Ky. (WTVQ) – Canadian company Kruger Packaging is planning a $ 114.2 million investment to establish a state-of-the-art packaging manufacturing plant in Hardin County, a project that will create at least 150 quality jobs in the years to come.

“This is an important project for Elizabethtown and the Commonwealth, and it contributes to the Kentucky agritech initiative’s mission to build a better future with better paying jobs for Kentuckians,” Governor Andy Beshear said. . “Kruger Packaging creates nearly 150 quality jobs 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 seeing the business grow and help build a better future for Kentuckians.

The new 400,000 square foot facility to be located at TJ Patterson Industrial Park in Elizabethtown will operate under the name Kruger Packaging (USA) LLC and is the company’s first corrugated box plant in the United States.

“Kentucky’s favorable business climate was instrumental in our decision to invest in Hardin County, and we are grateful for the support we received from Governor Beshear, the Kentucky and County team. Elizabethtown-Hardin to make today’s announcement a reality, ”said Michael Lafave, senior vice president and chief operating officer of Kruger Packaging.

Founded in 1904, Kruger Emballages’ parent company, Kruger Inc., is headquartered in Montreal, Canada, and produces 100% recycled packaging board products, corrugated packaging, tissue products, publication and specialty papers, renewable energy, cellulosic biomaterials, and wines and spirits.

The company is also a major North American recycler of paper and cardboard. Kruger operates 19 facilities in 10 industries in Canada and the United States, including locations in Maine, New York, North Carolina, Rhode Island, Tennessee and Virginia.

Kruger Packaging will join 38 Canadian-owned facilities already operating in Kentucky. Since the start of 2020, Canadian companies have announced plans that would create more than 430 full-time jobs in Kentucky with more than $ 250 million in new investment.

Kruger Packaging also adds to Kentucky’s growing agricultural sector. Kentucky’s agritech initiative includes a number of intermediate technologies, including innovations in processing, packaging and distribution.

The company’s commitment to its people and sustainability aligns with the goals of the Kentucky agritech initiative, especially as state leaders continue to develop and support packaging and distribution services for a range of sectors, including the food and beverage industry.

Hardin County Judge / Executive Harry Berry said the project highlights the community’s ability to support a growing industry.

“We look forward to welcoming Kruger Packaging to our community,” said Hardin County Judge / Executive Harry Berry. “This announcement is a testament to the strength of Hardin County’s manufacturing sector and will create new jobs at a critical time in the resumption of the pandemic.”

Elizabethtown Mayor Jeff Gregory welcomed the company to central Kentucky following an extensive site selection process.

“We are grateful to Kruger Packaging for investing in our community after months of thinking about the site in multiple states.” Said Mayor Gregory. “We look forward to welcoming Kruger to our business community and supporting their continued success as they provide new employment opportunities to our residents.

Greg Pawley, chairman of the board of directors of the Elizabethtown-Hardin County Industrial Foundation, said the project supports a broader effort to create well-paying jobs for local residents.

“At the Elizabethtown-Hardin County Industrial Foundation, we continue to focus our economic development efforts on jobs and wage growth,” said Pawley. “The announcement of Kruger Packaging’s new facility in Elizabethtown is a major step towards this goal and will have a huge impact on our region. I would like to welcome Kruger Packaging to our community and thank all of our business development partners for making this exciting announcement possible.

Louisville Gas and Electric Co. and Kentucky Utilities Co. contributed to the development of the project.

“We welcome the Kruger family to Kentucky and are proud to provide safe and reliable power to their newest facility in the future,” said Paul W. Thompson, president and CEO of LG&E and KU. “This is a great new opportunity for Kentucky, and we appreciate the tremendous work of Governor Beshear, the Cabinet for Economic Development and the Elizabethtown Industrial Foundation, all working together to create new jobs. and new investments in the Commonwealth. ”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday approved a preliminary 10-year agreement with the company under the Kentucky Business Investment Program. The performance-based deal can provide up to $ 3.45 million in tax incentives based on the company’s investment of $ 114.2 million and annual goals of:

  • Creation and maintenance of 147 full-time jobs for residents of Kentucky over 10 years; and
  • Pay an average hourly wage of $ 32.50, including benefits for these jobs.

Additionally, KEDFA has approved Kruger Packaging for up to $ 1.58 million in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows licensed businesses to reclaim Kentucky Sales and Use Tax on construction costs, building fixtures, equipment used in research and development, and electronics processing.

By meeting its annual goals over the term of the agreement, the business may be eligible to retain a portion of the new tax revenue it generates. The company can claim eligible incentives against its income tax and / or employee contributions.

Additionally, the business may receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, businesses can receive free recruitment and placement services, personalized training at reduced prices, and job training incentives.



Source link

Leave A Reply

Your email address will not be published.