Chemical packaging company to invest nearly $1.2 million
FRANKFORT, Ky. (May 31, 2012) — Chemway Holdings, a chemical packaging company, will invest nearly $1.2 million to move its operations to a larger facility in Franklin. The expansion will add 15 jobs to the company’s existing workforce of 15 employees.
“Chemway’s expansion and doubling of its workforce is another positive sign of economic growth in Franklin and the Commonwealth,” Gov. Steve Beshear said. “I commend the workers, company officials and local leaders on their continued success.”
Formed in 2001 in Madison, Tenn., Chemway relocated to Franklin in 2006. Chemway is a custom blender of dry powder and liquids, and specializes in repackaging chemicals from bulk to customized batches for a variety of customers.
“Chemway is very excited to expand its operations in Franklin,” said Chemway President Brett Morehouse. “We are looking forward to moving into the former Mahle Building, which will allow us to more than double the size of our manufacturing process. We greatly appreciate the assistance that we have been given by the Franklin-Simpson Industrial Authority, and the Kentucky Economic Development Cabinet. Franklin is a great location for our company, and Kentucky has an excellent business climate for companies such as ours. We look forward to the continued growth of our company in Franklin.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $375,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.