Tennessee Department of Economic and Community Development Commissioner Randy Boyd along with Verstraete IML USA officials announced today the company will locate a new facility in Clarksville. The in-mold labeling manufacturer will invest $20 million and create 59 new jobs in Montgomery County.
“Since 2010, Tennessee’s manufacturing sector has gained 45,402 jobs, which is the fifth biggest gain among all U.S. states,” Boyd said. “I appreciate Verstraete IML for seeing the advantages that Tennessee has to offer and choosing to locate its new facility in Clarksville. Thank you, Verstraete IML, for creating these valuable new jobs for the manufacturing sector and Team Tennessee.”
Verstraete IML will locate its new manufacturing facility to a 56,000 square foot building in Clarksville. The company plans on renovating and bringing in new equipment to the facility. Renovations are set to begin in October and will be completed by July 2017.
“The decision to expand our production capacity with an international site is a huge step for our company,” Managing Director of Verstraete IML Managing Director Koen Verstraete said. “Going to North America will not only strengthen our position as global leader, but also gives us direct access to North America – the IML market with the best growth potential.”
Verstraete IML is a prominent global leader in in-mold labelling. The company, formerly known Drukkerij Verstraete, specializes in printing labels on polypropylene, using an in-mold labeling technique where the label is placed in a mold which has the shape of the end product.
“We are thrilled and honored to help facilitate new corporate investment and new jobs in Clarksville-Montgomery County,” Chairman of the Clarksville-Montgomery County Industrial Development Board Billy Atkins said. “Global interest in our community continues to expand because of the many attributes we offer – workforce supply, a central location, interstate/rail/river access, stable cost of doing business, and a growing community that is a good place to live and work.”
“TVA and CDE Lightband congratulate Verstraete IML on this announcement,” TVA Senior Vice President of Economic Development John Bradley said. “We are proud to partner with Clarksville, Montgomery County Industrial Development Board, city of Clarksville and Montgomery County and Tennessee Department of Economic and Community Development to help further economic growth in the Valley.”
Clarksville and Montgomery County are represented by Sen. Mark Green (R – Clarksville), Rep. Curtis Johnson (R – Clarksville), Rep. Joe Pitts (D – Clarksville) and Rep. Jay Reedy (R – Erin) in the Tennessee General Assembly.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. To grow and strengthen Team Tennessee, the department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. Tennessee is the only three-time winner of “State of the Year” for economic development by Business Facilities magazine. Find us on the web: tnecd.com. Follow us on Twitter: @tnecd. Like us on Facebook: facebook.com/tnecd.