Governor Matt Bevin announced Monday that TPG Plastics, LLC plans to invest $14.3 million to open a facility in Murray, creating 75 Kentucky-resident jobs in the coming years.
For its first Kentucky operation, TPG Plastics, which designs and manufactures engineered plastics and blow-molded products, will lease the Murray West Spec Building to house the operation. Completed in early 2018 and designed specifically for advanced manufacturing, officials say the 62,000 square-foot building is located in the Murray West Industrial Park and is expandable up to 200,000 square feet. Upon concluding the 20-year lease term, officials indicate the Murray-Calloway Economic Development Corporation will convey ownership of the facility to TPG.
According to officials, the Murray operation will expand TPG’s service range to customers and distribution centers in the southern United States and will be logistically capable of reaching 80 percent of the U.S. population within an eight-hour truck drive. The Murray location also geographically positions TPG in close proximity to markets it expects to enter, such as marine and recreational vehicles.
TPG Plastics was formed in March 2018 for the acquisition of the assets of The Plastics Group Inc. in Willowbrook, Illinois.
Officials say TPG produces approximately 3 million containers annually for distribution nationwide to big box stores, dollar stores, and automotive retailers. It also manufactures a range of oil drain pans, funnels, and related products for the automotive Do-It-Yourself (DIY) and lawn and garden markets.
State Senator Stan Humphries, of Cadiz, says TPG Plastics’ new facility demonstrates the company’s ability to adapt in an ever-changing industry, and state Representative Larry Elkins, of Murray, says the company will help create more opportunities for the area moving forward.