AEP adds jobs in Kentucky

By Jim Johnson
Senior Staff Reporter

Published: December 18, 2013 4:50 pm ET
Updated: December 18, 2013 4:51 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions, Film & Sheet, Extrusion

AEP Industries Inc.’s purchase of the assets of Transco Plastics Industries Ltd. more than a year ago has allowed the company to meet job creation commitments in Kentucky.

AEP Industries moved former Transco printing equipment to the company’s Bowling Green, Ky., site earlier this year and hired additional workers to staff that machinery, Chief Financial Officer Paul Feeney said Dec. 18.

Some equipment was moved from a former Transco site in Montreal and installed in April. Other equipment was damaged in transit and did not come on line later in the year, he said.

While the Bowling Green Area Chamber of Commerce issued a news release touting the new jobs on Dec. 18, Feeney said he did not want to leave the impression that there was any new news about the growth in Kentucky.

“We acquired the Transco assets, moved them to the United States and installed many of the assets in Kentucky and we’ve hired people to staff those lines. That’s all that’s really happening,” Feeney said.

AEP, based in South Hackensack, N.J., originally projected a $16 million investment that would create 35 jobs over three years. But the company has hired an additional 33 people beyond that number, the chamber said.

“We surpassed our commitment,” Feeney said.

AEP makes packaging films for the consumer, industrial and agricultural markets. The company has more than 15,000 products.


Comments

AEP adds jobs in Kentucky

By Jim Johnson
Senior Staff Reporter

Published: December 18, 2013 4:50 pm ET
Updated: December 18, 2013 4:51 pm ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events