Investment

Belmark opening new operation in Allen County with $99M investment | News

FRANKFORT, Ky. (KT) – Belmark Inc., a manufacturer of printed pressure sensitive labels, flexible packaging and folding cartons, will locate a new operation in Allen County with a nearly $99 million investment creating 159 jobs, Gov. Andy Beshear announced on Thursday.







belmark

“Quality companies choosing Kentucky time after time ,is a testament to what this great state has to offer,” Beshear said. “Belmark’s decision to locate its new facility in the commonwealth will bring quality jobs to Allen County and add continued growth to Kentucky’s manufacturing sector. I want to thank Belmark’s leadership, and we’re looking forward to their company’s success here in the Commonwealth.”

Belmark will locate their new operation on a 25 acre site. The new 156,000-square-foot flexible packaging plant will allow the company to increase manufacturing capacity and capabilities to better serve its customer base throughout the United States. The operation will be the company’s first facility Kentucky, with construction expected to begin in June 2025 and be completed in 2026. The 159 full-time jobs created by the project will pay an average wage of almost $37 per hour, including benefits.

“Belmark is a growth-minded, market-leading provider of label and total packaging solutions,” said Karl Schmidt, the company president and CEO. “We continually reinvest in our people and business to ensure a thriving, dependable company and a vibrant culture that supports our customers and the local communities where we operate. We are excited to expand with a new location and continue our growth with our new Allen County family.”

Founded in 1977, Wisconsin-based Belmark manufactures pressure sensitive labels, flexible packaging and folding cartons for customers in a broad range of markets. After 46 years of business, the company now employs over 1,300 people with seven facilities in De Pere and Shawano, Wisconsin, as well as in Phoenix, Arizona.

The Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2 million in tax incentives based on the company’s investment of $98.9 million and annual targets of:

–Creation and maintenance of 159 Kentucky-resident, full-time jobs across 10 years; and

–Paying an average hourly wage of $36.98, including benefits across those jobs.

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