Tennessee Economic & Development Commissioner Randy Boyd says he appreciates Verstraete IML for seeing the advantages that Tennessee had to offer and choosing to locate its new facility in Clarksville.
Verstraete IML will locate its new manufacturing facility to a 56,000 square foot building in Clarksville. The company plans on renovating and bringing in new equipment to the facility. Renovations are set to begin in October and will be completed by July 2017.
“The decision to expand our production capacity with an international site is a huge step for our company,” Managing Director of Verstraete IML Managing Director Koen Verstraete said. “Going to North America will not only strengthen our position as global leader, but also gives us direct access to North America – the IML market with the best growth potential.”
Verstraete IML is a prominent global leader in in-mold labelling. The company, formerly known Drukkerij Verstraete, specializes in printing labels on polypropylene, using an in-mold labeling technique where the label is placed in a mold which has the shape of the end product.
“We are thrilled and honored to help facilitate new corporate investment and new jobs in Clarksville-Montgomery County,” Chairman of the Clarksville-Montgomery County Industrial Development Board Billy Atkins said. “Global interest in our community continues to expand because of the many attributes we offer – workforce supply, a central location, interstate/rail/river access, stable cost of doing business, and a growing community that is a good place to live and work.”
“TVA and CDE Lightband congratulate Verstraete IML on this announcement,” TVA Senior Vice President of Economic Development John Bradley said. “We are proud to partner with Clarksville, Montgomery County Industrial Development Board, city of Clarksville and Montgomery County and Tennessee Department of Economic and Community Development to help further economic growth in the Valley.”