Texas-based Celanese Corporation, a Fortune 500 company that reported $6.5 billion in net sales last year, recently announced that it will expand its manufacturing facility in Florence, Kentucky.
In a press release announcing the development plan, Kentucky Governor Steve Beshear said "Celanese has been producing high-performance engineering thermoplastics at its Florence facility since 1984, providing hundreds of jobs and millions of dollars in capital investment in Northern Kentucky."
"We're excited that Celanese chose to build this new and innovative manufacturing facility in Boone County," Beshear added. "We welcome this investment and thank the company for providing more jobs for Kentuckians."
Phil McDivitt, vice president and general manager of the engineering materials business for Celanese, called the Florence manufacturing hub "a center for innovation that drives research and development and the advancement of high performance engineered materials.
"In addition to critical design and engineering support, we provide our customers with technical expertise throughout the product development cycle," he added.
According to the Cincinnati Business Courier, the Kentucky Economic Development Finance Authority has given preliminary approval to a $300,000 package of tax incentives. The state may also compensate Celanese up to $100,000 for taxes on construction expenses, as well as equipment used in research and development.
These types of incentives can encourage manufacturing facilities to expand, but keeping larger production operations running smoothly requires a well-developed industrial ecosystem that includes not only accommodating tax and regulatory policies, but also CNC machining services, transportation infrastructure and other key elements.
Companies throughout the United States can turn to Windham Manufacturing when they are in need of replacement parts for critical equipment. We can perform custom work and provide economical shipping options to most clients, thanks to our central location in Dallas, Texas.