Goex spending $13 million on new Wisconsin sheet plant

By Michael Lauzon
Correspondent

Published: March 12, 2013 1:03 pm ET
Updated: March 13, 2013 11:00 am ET

Related to this story

Topics Packaging, Film & Sheet, Thermoforming, Extrusion

JANESVILLE, WIS. -- Sheet extruder Goex Corp. is expanding and relocating within Janesville, Wis.

Goex will spend about $13 million on the project, which it hopes to complete by mid- to late 2014.

“The overall size of the existing plant is no longer sufficient,” explained Goex President Josh Gray in a telephone interview. “We’re landlocked and can’t add space here.”

“Equally important, we will be able to source raw materials by rail,” Gray added. The firm now takes delivery of a range of thermoplastics by bulk truckloads and extrudes them into rigid plastic sheet and roll stock. It also has laminating, printing and slitting capabilities.

The new 160,000-square-foot building will cost up to $12 million, Gray estimated. The company probably will install another sheet line too, boosting its total to 14 extrusion lines. Goex now occupies a 75,000-square-foot building and plans to begin constructing its new facility in June or July this year. Goex will develop a 29-acre property near its current operation.

Goex sells up to a quarter of its output to sister company Prent Corp., a major thermoformer next to its current sheet facility. The rest of Goex’s output is sold in the marketplace.

“We’re seeing growth on both fronts,” Gray said.

Goex and Prent share private ownership.

Goex now employs 128 and expects to add 63 new jobs over the next several years. Goex will pay new workers between $13 and $16 per hour to start. Experienced technicians can earn in excess of $23 per hour, not including benefits, Gray said.

Janesville City Council approved on March 11 an application to the Wisconsin Department of Transportation to share the cost with the municipality of about $1.26 million in costs for infrastructure improvements at the new site, including a railroad spur to a Union Pacific line.

Goex, established in 1989, supplies packaging and printing markets in industries ranging from medical to retail.

The relocation and expansion project “reinforces the critically important roles that public/private partnerships play within today’s competitive economic development arena,” stated Rock County Economic Development manager James Otterstein in a news release.


Comments

Goex spending $13 million on new Wisconsin sheet plant

By Michael Lauzon
Correspondent

Published: March 12, 2013 1:03 pm ET
Updated: March 13, 2013 11:00 am ET

Post Your Comments


Back to story


More stories

Image

Sigma's Packworx center geared at helping customers solve problems

September 29, 2014 3:41 pm ET

Sigma Stretch Film has opened a training center to help customers find the best solution to using the packaging films.    More

Image

Early decision on 3-D motion technology goes to National Graphics

September 29, 2014 2:29 pm ET

Even without super powers, technology firm National Graphics Inc. has won a decision in a patent challenge vs. a rival company.    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

ATI strikes gold with bowling pinsetter production

September 26, 2014 12:30 pm ET

Heavy-duty equipment used to arrange and re-set bowling pins netted three awards for Associated Thermoforming Inc. in the parts competition at the...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events