Cabinet for Economic Development
Estron Chemical to Build Global Support Center in Calvert City
Replace obsolete infrastructure; retain 54 jobs
FRANKFORT, Ky. (Jan. 8, 2015) – Governor Steve Beshear today
announced that Estron Chemical Inc. plans to construct a new Global Process
Design and Manufacturing Support Center in Marshall County.
Estron Chemical, a manufacturer of polymers and resins, is expected to
retain up to 54 jobs and invest $4.9 million into the project.
“Estron Chemical has been a great corporate partner, but this investment
takes things to the next level,” said Gov. Beshear. “I want to thank Estron for
its continued investment in the Commonwealth and for creating more
opportunities for our workforce and their families.”
The company plans to construct the new 10,000-square-foot plant – double
the size of its current facility – on North Main Street. The facility will
accommodate equipment needed to support Estron Chemical’s process design and
manufacturing functions, as well as provide additional laboratory space. It is
expected to be operational next summer.
Estron’s current facility is 70 years old with limited space and obsolete
infrastructure. The reinvestment is needed to increase efficiency and support
quality control for the company’s manufacturing equipment.
“We are truly pleased to have been able to partner with the
Commonwealth in what we feel is a big win-win for the local community, Kentucky
and Estron’s valued employees,” said Estron Chemical President Alexander Skora.
“We are excited to be able to site this strategically important facility in
Calvert City as it will bring state-of-the-art technological capabilities to
the area and create well-paying and rewarding jobs that will fortify Estron’s
place in the surrounding community for many years to come.”
Estron Chemical is a manufacturer of specialty polymers
and resins for the paint, coatings, adhesives and cosmetics industries. The
company is woman-owned and has been in Calvert City since 1981.
“Estron Chemical has been one
of Marshall County's top corporate partners for years, so I‘m certainly pleased
to see it invest even more in our community and its workforce,” said Rep. Will
Coursey, of Benton. “I really appreciate the work done by Gov. Beshear, the
Cabinet for Economic Development and our local leaders in helping to make this
possible. I’m convinced Estron will be here for many more years to come because
of this decision.”
“Estron Chemical’s reinvestment is a major win for our area
and our workforce,” said Sen. Danny Carroll, of Paducah. “I am glad to see
opportunities like these in western Kentucky, and I look forward to the impact
of this investment for years to come.”
“It is exciting when companies find a unique status in
the marketplace,” said Calvert City Mayor Lynn Jones. “It is more exciting to
see ongoing investments to continue and enhance production and profitability.
Estron’s announcement signifies a strong commitment to the Calvert City team,
and I applaud Estron’s management for its confidence and proactive spirit.
Calvert City is proud that Estron calls us home.”
To encourage the investment in Marshall County, the
Kentucky Economic Development Finance Authority preliminarily approved the
company for tax incentives up to $800,000 through the Kentucky Reinvestment
Act. The performance-based incentive provides tax credits to an existing
Kentucky company engaged in manufacturing and related functions that will be
investing in eligible equipment and related costs of at least $2.5 million.
information on Estron Chemical, visit www.estron.com.
Information on Kentucky’s economic
development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can
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the Cabinet’s “This is My Kentucky” video on YouTube.
community profile for Calvert City (Marshall County) can be viewed here