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

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

Image

Soy-based foam improves window performance, sustainability

December 18, 2014 12:51 pm ET

Launched in April 2013, Madison, Wis.-based WFI Global LLC is making a name in the fenestration market with what it says is a distinct product...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Image

Röchling buys two UK firms

December 18, 2014 9:24 am ET

Germany's Röchling Engineering Plastics SE & Co. KG has expanded its presence in the high-performance plastics market by acquiring two British firms &...    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 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

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