Virginia Governor Ralph Northam announced yesterday that Klöckner Pentaplast, which has its global headquarters in Montabaur, Germany, will invest $25 million to expand global production capacity for pharmaceutical and medical device packaging films at its manufacturing facility in Louisa County. Virginia successfully competed with Ohio for the project, which is expected to result in approximately 34 new jobs, according to a press release issued by the governor’s office.
“Klöckner Pentaplast is a valued major employer with more than 700 employees and a long history of reinvesting in Louisa County,” said Gov. Northam. “For over four decades, Klöckner Pentaplast has demonstrated a commitment to creating new jobs and opportunities for Virginians, and this significant investment further solidifies the company’s longevity in the Commonwealth.”
A global leader in rigid and flexible packaging, printing and specialty solutions serving the pharmaceutical, medical device, food, beverage, and card markets, among others, Klöckner Pentaplast established its first North American production facility in 1979 in Gordonsville, VA.
The Virginia Economic Development Partnership worked with Louisa County to secure the project for Virginia, which included a $300,000 performance-based grant from the Virginia Investment Performance program, an incentive that encourages capital investment by existing Virginia companies. Klöckner Pentaplast is also eligible to receive sales and use tax exemptions on manufacturing equipment.
“Plastics manufacturing companies represent one of Louisa County’s strongest industry sectors, and we are delighted that Klöckner Pentaplast has chosen to expand its manufacturing operation in Louisa County,” said Chairman of the Louisa County Board of Supervisors Toni Williams. “Since locating in Louisa County in 1979, Klöckner has been an engaging community partner, and the Louisa County Board of Supervisors is proud to support their expansion efforts.”