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

Kydex, Allen Extruders joined under Sekisui SPI name

September 17, 2014 4:12 pm ET

Sekisui Chemical Co. Ltd. is combining plastic sheet makers Kydex LLC and Allen Extruders LLC under one roof as Sekisui SPI.    More

Image

SPE Thermoforming Division picks 3 scholarship winners

September 16, 2014 4:25 pm ET

Three college students have earned scholarships through the Society of Plastics Engineers' Thermoforming Division, division officials announced at...    More

Image

NY packaging company aims for zero waste

September 16, 2014 1:36 pm ET

Plastic folding carton maker Diamond Packaging is no longer sending any manufacturing waste to landfills.    More

Image

American Renolit sees steady gains in the film market

September 16, 2014 11:51 am ET

American Renolit Corp. has changed its product mix, changed its customer base and managed to grow in a market that was initially skeptical about the...    More

Image

Flexibility for complexity key for Brampton

September 16, 2014 11:26 am ET

Blown film machinery maker Brampton Engineering Inc. is well positioned to meet growing demand for complex film structures, highly customized packagin...    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events