Klöckner Pentaplast, one of the world’s largest suppliers of packaging films recently announced that it will invest $25 million in expanding its pharmaceutical and medical device packaging films production capacity in its Louisa County, Virginia facility.
The announcement was made by Ralph Northam, Governor of Virginia. Reportedly Virginia was competing with Ohio for the opportunity that is expected to create 34 new jobs.
Governor Northam has been reported to say that Klöckner Pentaplast is one of the major employers in Louisa County which has created nearly 700 jobs and has a long history of reinvesting in the region. He added that for nearly 40 years, Klöckner Pentaplast has been creating jobs for Virginians and opening up opportunities. The latest development is yet another significant investment that is sure to strengthen the company’s long-standing engagement with the Commonwealth.
For the record, Klöckner Pentaplast was founded in 1965 in Germany and has since then expanded to become a global leader in flexible and rigid packaging industry. it provides packaging, printing and specialty solutions for the food and beverages, medical device, pharmaceutical markets. The company also has an expansive portfolio that consists of innovation driven packaging, films, and related services.
Reportedly the company has operations across 18 countries, has 35 production sites and services customers who are spread across 61 locations across the globe. Remarkably, the first production facility in North America was established by the company in 1979 in Gordonsville, Virginia.
Tracey Peacock, President, Pharma and Medical Device Division, Klöckner Pentaplast, has been reported to say that the company is pleased with the support it received from the governor or Virginia and thanked Commonwealth and Louisa County for its partnership. She added that Klöckner Pentaplast is looking forward to the technology improvements and capacity expansion at the Gordonsville facility that will help in the further servicing of the company’s North American market as well as supplement its capability of supporting local jobs within the community.