Klöckner Pentaplast investing $25 million to expand in Louisa County
- January 16, 2019
Klöckner Pentaplast is investing $25 million to expand its manufacturing facility in Louisa County. The project is expected to add approximately 34 jobs.
Klöckner Pentaplast is expanding production capacity for pharmaceutical and medical device packaging films. The company has customers in the pharmaceutical, medical device, food, beverage and card industries.
Founded in 1965 in Germany, Klöckner Pentaplast has operations in 18 countries and employs more than 6,300 people. The company established its first North American production facility in Virginia in 1979.
“Klöckner Pentaplast is a valued major employer with more than 700 employees and a long history of reinvesting in Louisa County,” Gov. Ralph Northam said in a statement.
The governor approved a $300,000 performance-based grant from the Virginia Investment Performance program for the project. Klöckner Pentaplast also is eligible to receive Sales and Use tax exemptions on manufacturing equipment.
Virginia competed with Ohio for the project.