Westpack to locate new manufacturing facility in Covington, create 63 jobs

 

The Russia-based bottle decorating and packaging company could have located their new manufacturing facility anywhere in the world. But expanding into the U.S. market was a natural next step for the company, which has plants throughout Europe.  

Kentucky turned out to be the perfect fit. Westpack will establish its U.S. manufacturing operations in Covington, creating 63 jobs and investing nearly $4.5 million in the local economy.

 

"Selecting the right state for our production was a function of customer logistics, business operating costs and quality of life," said Simon Mnoyan, Westpack Managing Director, in a press release. "The Commonwealth of Kentucky provided and met all three requirements for our expansion. We would like to express our gratitude to the Commonwealth and the city of Covington for guidance and support in our endeavor."

 

Westpack joins approximately 420 internationally-based companies from 30 nations in the Commonwealth of Kentucky, which together employ nearly 80,000 people.

 

Westpack will mainly serve spirit, wine, and of course bourbon producers, as well as the perfume and cosmetic industries. The company will also produce promotional tumblers and other items for the tableware industry, according to Sam Popianksy, director of business development for Westpack. The company's services include screen printing, etching and frosting, electrostatic and liquid organic spray coating, automated hot stamping, PSL and decal application.

 

The company will locate in an redeveloped vacant building in the Latonia neighborhood. 

 

"The redeveloped building will hopefully attract new companies to the area and breathe new life into the market," says Karen Finan, senior VP at Northern Kentucky Tri-County Economic Development Corporation.

 

To encourage the investment and job creation in Covington, the Kentucky Economic Development Finance Authority  preliminarily approved the company for tax incentives up to $1.5 million 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.

 

Read more news about growing companies in Northern Kentucky at NorthernKentuckyUSA.com. 

Caitlin Koenig of Soapbox contributed reporting to this story.