Estron Chemical Inc. — a maker of specialty resins and polymer additives — will invest $4.9 million to build a new plant in Calvert City, Ky.
Building the new 10,000-square-foot facility will allow the Calvert City-based firm to retain 54 jobs there, officials said in a Jan. 8 news release from the office of Kentucky Gov. Steve Beshear. The Kentucky Economic Development Finance Authority will provide Estron with up to $800,000 in tax incentives connected to the project.
The new site will be twice the size of Estron's current location. It will include process design and manufacturing, as well as additional lab space, and is expected to open in mid-2016. In the release, Estron president Alexander Skora said that the new plant “will bring state-of-the-art technological capabilities to the area, and will create well-paying and rewarding jobs.”
Estron was founded in 1976 and has been located in Calvert City since the mid-1980s. The firm's products include epoxy and polyester resins used in cosmetics, as well as acrylic resins and epoxy curing agents used in powder coatings. Estron also offers toll polymerization and other services.