FRANKFORT, KY (STL.News) Ahlstrom-Munksjö, which manufactures fiber-based materials, will build a second facility in Madisonville with a $70 million investment expected to create 51 high-quality jobs, Gov. Andy Beshear announced today.
“I want to thank Ahlstrom-Munksjö for this significant new commitment to Madisonville, Hopkins County and the commonwealth,” Gov. Beshear said. “The company’s current facility has long been an important part of the community, and its new operation is outstanding news for the region’s residents. As Kentucky builds a stronger post-pandemic economy, Ahlstrom-Munksjö’s commitment to create more than 50 high-quality jobs couldn’t be better timed. This project promises a brighter future for families in the area and positions the company for even more success in the years ahead.”
Leaders of Ahlstrom-Munksjö noted ongoing North American market growth as the primary driver for the project. The new facility will house a glass fiber tissue production line to make luxury vinyl tiles and vinyl sheet materials. Its smooth, homogenous glass fiber tissue also will be marketed for building panels, energy storage and thermoplastic molding for the transportation industry. The company’s current 133-employee facility in Madisonville produces filtration materials for automotive and industrial applications. Customer deliveries from the new operation are expected to start in mid-2023.