Governor Wolf Announces IPEG Relocation and Expansion, New Jobs in Butler and Venango Counties
February 29, 2016
Harrisburg, PA – Governor Tom Wolf announced today that IPEG, Inc., an equipment manufacturer serving the global plastics-processing, waste recycling, and industrial heat-transfer markets, will move operations to Pennsylvania and expand at existing facilities in Butler and Venango counties. The expansion will result in 35 new, good-paying jobs, and the retention of 234 existing positions.
“Supporting the private sector in its creation of jobs is a major priority in of my administration,” Governor Wolf said. “Our partnership with IPEG will result in the creation of new, good-paying jobs, and a renewed commitment to Pennsylvania by another manufacturer.”
IPEG is moving its Republic Machine Inc. manufacturing operations to its existing IPEG facility in Franklin, Venango County. The company will invest more than $1.4 million in the relocation and expansion project which will support building improvements and the purchase of new equipment. IPEG has also committed to creating at least 35 new, full-time jobs in Venango and Butler Counties, and retaining 234 existing positions throughout Pennsylvania over the next three years.
IPEG received a funding proposal from the Department of Community and Economic Development that includes a $100,000 Pennsylvania First program grant, $70,000 in Job Creation Tax Credits to be distributed upon creation of the new job, and $15,750 in WEDnetPA funding for employee training.
“We have ambitious growth plans for IPEG over the next 10-15 years and are presently investing significant capital to support these plans,” said Chris Keller, president and CEO, IPEG, Inc. “While a global business, we are proud of our Western Pennsylvania roots. We are excited to be making this commitment to retain and grow our Pennsylvania-based workforce, and deeply appreciative of the State’s support of our efforts.”
The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with the Oil Region Alliance.
IPEG, Inc. and its subsidiaries — Conair, Republic Machine, and Thermal Care — serve the global plastics-processing, waste recycling, and industrial heat-transfer markets. Headquartered in Cranberry, Pennsylvania, IPEG, Inc. employs more than 500 people worldwide.
For more information on IPEG, visit www.ipeg.net.
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