Global manufacturer’s expansion creates $15 million in investment in Buford
(GWINNETT- METRO ATLANTA) November 11, 2015 – KRAIBURG TPE Corporation, in partnership with Georgia Department of Economic Development and Gwinnett Chamber Economic Development, German American Chamber of Commerce celebrated the opening of its brand new Gwinnett location with a ribbon cutting ceremony in the City of Buford, Gwinnett County and metro Atlanta. The newly constructed 70,000-square-foot building represents a $15 million investment and 20 jobs in the Gwinnett community.
The leading global manufacturer of Thermoplastic Elastomers, KRAIBURG TPE has experienced strong growth over the past ten years, tripling in size and revenue while expanding its business base throughout the Americas. Headquartered in Waldkraiburg, Germany, the company’s existing Gwinnett operations serves as KRAIBURG TPE’s primary regional manufacturing and customer support center.
“Today’s grand opening marks a milestone in our company’s history, and also reinforces our commitment as an international leader within the plastics industry”, says Jeff Frankish, Managing Director for KRAIBURG TPE. “Making this investment in the Atlanta area also reflects the confidence that we have in leveraging the workforce talent, economic infrastructure, and available resources within Gwinnett County.”
Located off I-985, on Hamilton Mill Parkway, in the Hamilton Mill Business Park, KRAIBURG TPE’s new facility will focus on the production of existing products lines for automotive, consumer and industrial applications.
“The expansion of KRAIBURG TPE is yet another example of companies choosing to grow and expand in Gwinnett due to the ideal business climate structured for success in an accelerating business environment”, stated Gwinnett County Commission Chairman Charlotte Nash. “I thank KRAIBURG TPE for their commitment to our community”.
The facility was designed for three production lines and 75 personnel to start, with the capacity to double the square footage of its original size as needed. Long–term, the future expansion will include enough space for the addition of up to five more production lines.
“Gwinnett County is a proven leader in the manufacturing sector and retaining quality firms such as KRAIBURG TPE is a testament to that” said Shantell R. Wilson, Senior Project Manager, Advanced Manufacturing and Supply Chain Management for Gwinnett Chamber Economic Development and Partnership Gwinnett. “I look forward to working with KRAIBURG TPE on continued growth and success right here in Gwinnett”.
To learn more about KRAIBURG TPE, please visit www.kraiburg-tpe.com.
For more information or to learn how to get involved in local economic development efforts, please visit www.gwinnetteconomicdevelopment.com.
About KRAIBURG TPE
KRAIBURG TPE (www.kraiburg-tpe.com) is a global manufacturer of thermoplastic elastomers. From its beginning in 2001 as subsidiary of the historical KRAIBURG Group founded in 1947, KRAIBURG TPE has pioneered in TPE compounds, today being the competence leader in this industry. With production sites in Germany, the US, and Malaysia the company offers a broad range of compounds for applications in the automotive, industrial, consumer, and for the strictly regulated medical sectors. The established THERMOLAST®, COPEC®, HIPEX®, and For-Tec E product lines are processed by injection molding or extrusion and provide numerous processing and product design advantages to manufacturers. KRAIBURG TPE features innovative capabilities as well as true global customer orientation, customized product solutions and reliable service. The company is certified to ISO 50001 at its headquarters in Germany and holds ISO 9001 and ISO 14001 certifications at all global sites. In 2014, KRAIBURG TPE, with over 440 worldwide employees, generated sales of 138 million euros.
Katherine Olano | Katherine.email@example.com | 678.584.2350