Cabinet for Economic Development
Governor Beshear Announces H.B. Fuller Company to Expand in Paducah
Company adding new equipment, investing $825,000 and creating 11 new jobs
PADUCAH, Ky. (Aug. 6, 2010) – Gov. Steve Beshear today visited Paducah to announce the expansion of H.B. Fuller Company, a leading worldwide manufacturer and marketer of adhesives, sealants, paints and other specialty chemical products. The company plans to add a new line of equipment to its 280,000 square-foot specialty adhesive producing facility, creating 11 new jobs and investing $825,000 in the Commonwealth.
“I’m pleased that the Commonwealth could partner with H.B. Fuller on this expansion, resulting in 11 new jobs and an $825,000 investment,” said Gov. Beshear. “Kentucky is proud to support such a diverse, international company and looks forward to being part of the growth and success of H.B. Fuller.”
Founded in 1887, H.B. Fuller’s products and services are used to create hundreds of brand name goods around the globe, including everyday items such as the glue holding together a cereal box, the adhesive in a disposable diaper and the seal that keeps a refrigerator airtight. The Paducah expansion will allow the company to more efficiently respond to the needs of it customers.
“We at H.B. Fuller would like to thank the good people of Kentucky, as well as the state and local governments for their continued support of our employees, our customers and our business,” said Wes Oren, operations director for the Americas. “This is an important investment in people and technology that will help us provide even better service to our customers, allowing us to continue our path of steady, sustainable growth.”
The Kentucky Economic Development Finance Authority preliminarily approved H.B. Fuller for tax benefits up to $220,000 through the Kentucky Business Investment program. The incentive program can be earned over a 10-year period through corporate income tax credits and wage assessments.
“This is indeed good news for McCracken County,” said McCracken County Judge Executive Van Newberry. “A local company that has been here for many years is showing confidence in our community. I congratulate H.B. Fuller on this investment and am grateful that they are not only retaining existing jobs but are also creating nearly a dozen new jobs.”
“Helping existing companies grow and make it through this recession is the key to growing jobs for Paducah at this time,” said Paducah Mayor Bill Paxton. “Thanks to H.B. Fuller for continuing to invest in Paducah.”
A detailed community profile for Paducah (McCracken County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=096. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.
About H.B. Fuller:
For more than 120 years, H.B. Fuller has been a leading global adhesives provider, focusing on perfecting adhesives, sealants, paints and other specialty chemical products to improve products and lives. Recognized for unmatched technical support and innovation, H.B. Fuller brings knowledge and strength to help its customers find precisely the right formulation for the right performance. With fiscal 2009 net revenue of $1.235 billion, H.B.Fuller serves customers in packaging, hygiene nonwovens, paper converting, general assembly, wood working, construction and consumer businesses. For more information, visit HBFuller.com, HBFullerStrength.com, read our blog or follow GlueTalk on Twitter.
H. B. Fuller Company’s common stock is traded on the New York Stock Exchange under the ticker symbol FUL.