Sheet extrusion firm Goex Corp. will add as many as 100 jobs at a new plant in Cedar City, Utah.
Janesville, Wis.-based Goex will spend $15 million on the project. The new location "supports Goex's ongoing commitment to ensure timely delivery of extruded sheet products," President and CEO Joshua Gray said in a June 14 news release.
He added that the new site will help Goex better serve customers in the Western U.S.
"We intend to build on the success of our current plant, built specifically for our processes," Gray added.
Groundbreaking for the project is set for spring 2020, with the site expected to be operational in late 2020 or early 2021. The new plant is expected to open with 40-45 employees, with that number growing as high as 100 during the next seven years.
Goex can earn a tax rebate of as much as 20 percent of its state taxes over the seven-year life of an agreement with the state. Goex will earn a portion of the total tax credit rebate for each year that the firm meets the criteria in its contract with Utah.
Company officials added that the new location will address transportation availability and costs. Many of the markets served by Goex require delivery within five to seven days for custom-manufactured plastic sheet, they said.
"There is tremendous growth and opportunity in Iron County," Utah Governor's Office of Economic Development Executive Director Val Hale said in the release. "As a supplier of medical and food packaging materials, Goex's expansion will be a good opportunity for southern Utah."
Goex opened a 235,000-square-foot plant in Janesville in 2015. The firm supplies packaging and printing markets in industries ranging from medical to retail.
In 2018, Goex reported sales of $110 million. That total ranked 60th in the Plastics News ranking of North American film and sheet extruders.