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

Clear Lam settles Doritos lawsuit

March 3, 2015 4:06 pm ET

Clear Lam Packaging Inc. has settled a months-old lawsuit against Frito-Lay Inc. alleging “breach of contract, false advertising, and...    More

Image

Coveris sees 'common culture' form after mergers, acquisitions

March 3, 2015 11:37 am ET

Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North ...    More

Image

Study: LLDPE to grow steadily

March 3, 2015 11:23 am ET

Research group Ceresana says linear low density polyethylene (LLDPE) is expected to grow steadily through 2021.    More

Image

P&G adding label to help guide consumers in recycling

March 2, 2015 3:29 pm ET

Procter & Gamble Co. will help prompt consumers to recycle rigid packaging by joining the Sustainable Packaging Coalition's How2Recycle Label program.    More

Image

Born to be plastic — a DIY Harley-Davidson

February 27, 2015 11:12 am ET

Owning a real Harley-Davidson was not enough for bike nut Peter Manning; he wanted a model of his favorite motorcycle too.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events