Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.
The company will expand its 90,000-square-foot Commerce Drive facility, which opened last year, by 100,000 square feet. The expansion, which will also include new equipment and a planned 65 new jobs, represents a $10.3 million investment for the company, a news release from the Commonwealth of Kentucky Cabinet for Economic Development indicates.
Plastikon has been preliminarily approved for performance-based tax incentives of up to $1 million through the Kentucky Business Investment program, as well as tax benefits of up to $150,000 through the Kentucky Enterprise Initiative Act, the release indicates.
Plastikon operates several plants in North America and Asia, including two in Leitchfield. Its global headquarters are located in Hayward, Calif.