25 July 2010
25 July 2010
Matrix Composites, the Henderson, Kentucky based manufacturer of woven and knitted fibreglass reinforcements, will expand its operations.
The company’s products are used in a number of applications, including ballistic panels, marine applications, automotive, as well as construction, recreational and energy products. Matrix is currently located in a 25,000 square-foot facility in the Henderson Corporate Park, but has purchased the former 157,000 square-foot AMI Building, allowing the company to initially add 10 new jobs with a significant opportunity for more in the future. The expansion will also result in a $3.1 million capital investment.
The expansion was revealed by Gov. Steve Beshear as he visited Henderson to announce three economic development projects. In addition to the expansion by Matrix Composites, Gov. Beshear revealed Legacy Plastics will relocate its manufacturing facility from Evansville, Ind. to Henderson, Ky. to accommodate the company’s growth and Sunrise Tool and Die will also expand its operations.
“The location of Legacy Plastics and the expansion of Matrix Composites and Sunrise Tool and Die reflect the hard work of Henderson County officials and demonstrate the confidence these companies have in the area’s workforce,” said Gov. Beshear. “Kentucky looks forward to a long and successful partnership with each of these exceptional companies.”
“The mere fact that Sunrise Tool, Matrix Composites and Legacy Plastics will produce more jobs in the area is an excellent boost to our citizens,” said Sandy Lee Watkins, Henderson County Judge Executive. “Expanding businesses also play a crucial role in the business community. We must not overlook the worth of having these three companies in our region and the impact they have on the economy.”
“As part of our continued strategy to further expand businesses in the Northwest Kentucky region, our economic development efforts are focused on retaining and growing jobs, which these three companies display and are being rewarded for,” said Henderson Mayor Tom Davis.
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