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It’s official: Tegrant Diversified Brands is opening a plant and bringing 51 full-time jobs to Shelby County.
The company, a subsidiary of Sunoco that makes foam-based and safety products for the automotive industry, received up to $900,000 in tax incentives from the Kentucky Economic Development Finance Authority to help with its $12 million investment in a facility in the Hi Point Industrial Park.
Those plans, first reported in June, were confirmed in a press release from Gov. Steve Beshear’s office.
“We are excited to see Tegrant and Sonoco grow in Kentucky with the creation of fifty-one jobs and an investment of more than twelve million dollars in Shelbyville, adding to the company’s footprint in Kentucky,” Beshear said in the release. “Our automotive industry continues to stand out as one of the best in the nation, and we owe a lot of that success to quality suppliers such as Sonoco and Tegrant.”
Sunoco already has facilities in Louisville, Winchester, Morganfield and Henderson. It does business globally and has been valued at approximately $4.5 billion. It joins several facilities in Shelby County that contribute to auto construction for both Ford in Louisville and Toyota in Georgetown.
“We could not be happier with our experience in the Bluegrass state, and this new Shelbyville facility is proof of that,” Carl Kraus, division vice president, manufacturing for Sonoco, said in the release. “The overall business climate, the quality of the workforce and the spirit of partnership with the city and the state made this an easy decision for us.”
Kentucky’s automotive industry employs nearly 80,000 people and in 2012 exported materials worth about $4.4 billion.
State Sen. Paul Hornback (R-Shelbyville), Shelbyville Mayor Tom Hardesty and Shelby County Judge-Executive Rob Rothenburger all expressed pleasure at the new company.
“I am delighted with Sonoco’s plans to start manufacturing in Shelbyville,” said Sen. Paul Hornback, of Shelbyville. “We have great people and a great quality of life which we look forward to sharing with our newest community partner,” Hornback said.
Said Hardesty: “I want to thank Gov. Beshear and his administration for continued support of industrial development in Shelby County.”
Added Rothenburger: “The decision to locate a manufacturing facility in Shelby County speaks volumes about the geographic location and workforce in our community.”