WS Packaging Group Expands Innovation Valley Operations, Creates 231 New Jobs
WS Packaging Group, Inc., announced it will invest $43 million to expand its current operations in Innovation Valley, creating 231 new jobs. The company will open a new location in the PBR Building in the Westbridge Business Park.
February 7, 2014
Knoxville, Tenn. — WS Packaging Group, Inc., announced it will invest $43 million to expand its current operations in Innovation Valley, creating 231 new jobs. The company will open a new location in the PBR Building in the Westbridge Business Park. In order to increase its operations to accommodate more industry market share, WS Packaging Group will consolidate its existing Knoxville facilities to this more centralized location.
“We’re very excited WS Packaging Group has decided to expand and make this significant investment in Innovation Valley,” said Rhonda Rice, executive administrator of Innovation Valley. “The economic impact of these new jobs is great news for our region.”
WS Packaging Group, Inc. is one of the largest label converting operations in North America with more than 45 years of experience in label printing and packaging. It operates 21 manufacturing facilities and produces high-quality packaging products. Its customers range in size from small businesses to large, high-volume manufacturers and consumer product goods companies doing business locally, nationally and in marketplaces worldwide. The company has more than 1,800 employees.
“I'm proud that WS Packaging chose to expand their operations into Knox County's Westbridge Business Park,” Knox County Mayor Tim Burchett said. “These 231 new manufacturing jobs to our community are very welcome news.”
“WS Packaging Group has a long-standing history as a leading provider of complex label solutions for branded consumer and business-to-business products for companies throughout North America,” WS Packaging chief executive officer Rex Lane said. “This expansion in Knoxville will allow us to meet the changing and growing needs of our customer base. It also will enable us to leverage a strong business environment, with support from the Tennessee Department of Economic and Community Development, to create additional employment opportunities.”
“WS Packaging’s $43 million expansion represents one of the largest recent manufacturing capital investments by an existing industry in Knox County,” said Mike Edwards, president and CEO of the Knoxville Chamber. “This is precisely why we have a sharp focus on business retention and expansion programs in our Innovation Valley economic development strategies.”