TPG Plastics employ 75 in Calloway County, Kentucky
Christian Fernsby | ▼ December 9, 2019
TPG Plastics plans to invest $14.3 million to open a facility in Murray, creating 75 Kentucky-resident jobs across the coming years.
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Topics: TPG PLASTICS KENTUCKY
For its first Kentucky operation, the company will lease the Murray West Spec Building to house the operation.
Completed in early 2018 and designed specifically for advanced manufacturing, the 62,000-square-foot building is in the Murray West Industrial Park and is expandable up to 200,000 square feet.
Upon concluding the 20-year lease term, the Murray-Calloway Economic Development Corporation will convey ownership of the facility to TPG.
Saquib Toor, TPG’s president and founder of its parent company, Beaconhouse Capital Management LLC, said TPG has contemplated opening a strategic satellite location in the Southeastern US for several years.
In response to tightening emissions regulations nationally, TPG will introduce new plastics coextrusion manufacturing technology that will meet and exceed current requirements.
Company leaders anticipate initially installing three coextrusion machines at the Murray location, with the first two expected to arrive in February 2020.
Additionally, TPG plans to add injection molding capability in the second quarter of 2020 to extend its product line.
The Murray operation will expand TPG’s service range to customers and distribution centers in the southern US, and will be logistically capable of reaching 80 percent of the US population within an eight hour truck drive.
The Murray location also geographically positions TPG in close proximity to markets it expects to enter, such as marine and recreational vehicles. ■ What to read next
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