Custom Resins Inc. will spend up to $12 million to expand its compounding plant in Henderson, Ky., in a move that will create 40 new jobs.
Henderson-based Custom Resins will build a 100,000-square-foot addition that will be able to hold as many as eight new extrusion lines as well as additional equipment, according to a Feb. 3 news release from Kentucky Gov. Matt Bevin. Construction could start later this year.
Custom Resins has operated in Henderson for almost 60 years, and currently operates 35 million pounds of annual nylon resin and compound capacity there. General Manager Herb Rawlings said in the release that with the expansion Custom “will be able to reach new materials and make new resins from sustainable, bio-based raw materials.”
He also credited Kyndle — an economic growth agency for Northwest Kentucky — and state economic development agencies for helping to make this project happen.
“We are excited to be able to expand on our commitment to our customers and the Henderson community,” Rawlings added. The expansion will include new reactors that can polymerize nylon resins based on sustainable raw materials.
Custom Resins will receive $200,000 in state tax incentives and is eligible for no-cost recruitment and job placement services and reduced-cost training.
“Manufacturing jobs are the economic backbone of America, and we want the world to know that Kentucky is the perfect place to make quality products,” Bevin said in the release.
Custom Resins officials could not be reached for comment. The firm is owned by Polymeric Resources Corp. of Wayne, N.J. PRC also produces nylon materials at plants in Wayne and Arnprior, Ontario. Materials made at the three PRC sites are sold into residential and commercial carpet, packaging, injection molded products and other markets.
