Takigawa Corp. Japan, a flexible packaging and high-performance films producer, will create 180 full-time jobs with a nearly $46 million investment to locate a manufacturing operation in Bardstown, its first in the U.S. The Narashino, Japan-based company will build a 180,000-square-foot facility on a greenfield site in Nelson County in an effort to meet growing demand. The operation will primarily serve high-impact packaging for high-impact brands.
“After conducting a lengthy national site selection process, Takigawa is excited to have selected Bardstown, Kentucky as the home of our new US facility,” said Hiroyuki Takigawa, president of Takigawa Corp. Japan. “The Kentucky Cabinet for Economic Development and Bardstown’s leadership made us feel welcome from the first visit to the last and exceeded our expectations in providing for all of our needs. We look forward to a long and prosperous economic partnership with the City of Bardstown.”
Kentucky Cabinet for Economic Development Secretary Terry Gill and Executive Officer Vivek Sarin met with Takigawa officials during the SelectUSA Investment Summit in Washington, DC in June, which ignited discussions about the company’s potential location in the commonwealth. Gill and Sarin also visited with company executives during a recent economic development visit to Japan.
“Kentucky’s food and beverage industry has grown consistently in recent years, and that momentum continued with the addition of Takigawa,” said Gov. Matt Bevin. “I commend the economic development teams at both the state and local level for helping to bring this amazing company to Kentucky. This will be a fantastic addition to the corporate community in Nelson County. We are grateful to Takigawa for this decision and welcome them to the commonwealth.”
Takigawa was founded in 1949 for the extrusion of high-performance films for the packaging industry. The company has since grown into a global leader in pouching technology. The company expanded beyond Japan’s borders for the first time in 2011 with the addition of a factory in Vietnam, and has since established a presence in Canada, Europe and Singapore, as well as a sales office in Torrance, CA.
“The City of Bardstown greatly appreciates the investment of Takigawa in our community,” said Bardstown Mayor Dick Heaton. “This further substantiates the confidence this company has in our ability to deliver the necessary infrastructure, employees and other support needed for a successful launch of this business in Bardstown and Nelson County.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Takigawa also can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2017, the Kentucky Skills Network provided training for more than 120,000 Kentuckians and 5,700 companies from a variety of industry sectors.
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