WPT Nonwovens Invests $19.5M in Kentucky Manufacturing Facility, Boosting Local Economy
- 19-Jan-2024 4:09 PM
- Journalist: Sasha Fernandes
WPT Nonwovens Corp. has recently opened a new manufacturing facility in Ohio County, Kentucky, investing a substantial amount of $19.5 million. This family-owned nonwoven manufacturer's strategic expansion has not only added to its production capacity but has also created 35 new jobs, injecting vitality into the local economy. At the core of this progress is a state-of-the-art manufacturing facility spanning 75,000 square feet, complete with an advanced carded nonwoven production line. This innovative line is poised to add 12,000 annual metric tons of capacity for HVAC filtration media and hygiene fabrics. The impact of this expansion extends beyond WPT, promising positive effects on the local job market in Kentucky and fortifying the domestic supply chain for related products throughout the community.
The Kentucky Economic Development Finance Authority played a crucial role in fostering this investment. In May 2021, the authority preliminarily approved an incentive agreement under the Kentucky Business Investment program. This agreement serves as a testament to the state's commitment to economic development by allowing WPT Nonwovens to retain a portion of the new tax revenue generated. The incentives, claimable against income tax liability and wage assessments, provide a financial boost, supporting WPT's ambitious growth plans and its contributions to the community.
Travis Robbins, the President of WPT, expressed genuine enthusiasm about meeting the increasing demand for American-made nonwoven filtration media. His statement reflects the company's commitment not only to meeting market needs but also to doing so in Ohio County, specifically in the community of Beaver Dam. This displays WPT's dedication to local growth and community engagement.
Founded in 2008, WPT Nonwovens Corp. is a third-generation family-owned nonwoven manufacturer with deep roots in Beaver Dam, Kentucky. The company is 100% American-owned, FDA-registered, and holds the distinction of being a service-disabled veteran-owned small business (SDVOSB). WPT's operations span key nonwoven sectors, including medical, hygiene, filtration, and industrial markets, supported by three production facilities in Ohio County, featuring six nonwoven lines and five medical products converting lines.
Governor Andy Beshear celebrated WPT as a homegrown success story, showcasing the thriving manufacturing landscape in Kentucky. His commendation not only recognizes the company's achievements but also anticipates its continued growth within Ohio County. The expansion signifies success for WPT and promises additional opportunities for the growing manufacturing ecosystem in Ohio County. Overall, WPT's strategic investment stands as a beacon of economic progress, blending innovation, job creation, and community development in the heart of Kentucky.