| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
PuraCap Laboratories to invest in Franklin, KY - create 30 jobs Southern KY Economic Development: Pharmaceutical packaging and distribution facility to see $2.5 million upgrade Click on headline for complete story Jack Mazurak & Woody Maglinger News from Gov. Matt Bevin's Communication Office FRANKFORT, KY (27 Mar 2017) - PuraCap Laboratories LLC will expand its Franklin operations with a $2.5 million investment, creating 30 full-time jobs and transforming the facility into the company's global pharmaceutical packaging and distribution hub, Gov. Matt Bevin announced today. "Pharmaceutical production, packaging and distribution was Kentucky's third leading export last year," said Gov. Bevin. "PuraCap Laboratories' significant investment represents continued growth in this industry and reflects positively on the dedicated workforce of Simpson County. We are very grateful that PuraCap chose Kentucky, and we wish the company ongoing success." The project comes nearly a year after PuraCap purchased Blu Pharmaceuticals LLC, a privately held generic pharmaceutical company, which located in Franklin in 2007. Since the acquisition, PuraCap added packaging operations, increased distribution capacities, purchased new equipment and nearly doubled employment to include 25 Kentucky residents. The Franklin site currently consists of two packaging lines with three pouching lines expected to be operational in the coming weeks. In this new project, the company plans to add two more packaging suites to support new and existing business and expand the warehouse into the existing facility. The existing 180,000-square-foot building is large enough to house the changes. "We are very pleased to expand our business in Franklin, Ky. Our recent acquisition of the site in Franklin is one of many that PuraCap International has taken in the past year to expand our presence in the generic pharmaceutical industry," said PuraCap International president Sean Weeks. "Providing full customer services from this site allows for streamlined supply chain functions, as this location is central to a majority of our customers' distribution centers in the USA. We appreciate the support shown by the state of Kentucky for the continued growth and success of our company." PuraCap Laboratories is a subsidiary of PuraCap International LLC, located in Piscataway, N.J. The company's Franklin operation repackages and distributes products from PuraCap manufacturers, including PuraCap Caribe in Puerto Rico, PuraCap Pharmaceuticals LLC in New Jersey and Epic Pharma LLC in New York. Products include non-controlled prescription drugs, over-the-counter drugs and a medical device. Consumers of the Franklin facility's products include retailers, wholesalers, government agencies and other customers across the country. Sen. David Givens, of Greensburg, said the company has been an important player in the region for the past decade. "The decision by PuraCap Laboratories to keep Blu Pharmaceuticals here in Simpson County is a welcome one, as the company has played an important role in Franklin's economy since 2006," Sen. Givens said. "Additionally, I thank this company for its long-term $7.3 million investment and the creation of 30 new jobs, and I wish Blu Pharmaceuticals the best in its future endeavors." Rep. Wilson Stone, of Scottsville, thanked the company's executives for their commitment to the community. "It's always good news when we can add jobs to our local economy, and I want to thank the officials with PuraCap Laboratories LLC for their decision to maintain and expand the company's Franklin facility," he said. "We offer them our congratulations for continued success, and appreciate their investment in our community and their faith in our workforce, which is one of the best you can find anywhere." Franklin Mayor Ronnie Clark emphasized the significance of the project. "PuraCap Laboratories' expansion in Franklin is great news for our community," he said. "This large, New Jersey-based company is making Franklin, Kentucky their global distribution and packaging hub. The additional jobs they are bringing to Franklin is welcomed news for our area." Simpson County Judge-Executive Jim Henderson expressed gratitude that the company will remain and grow in Franklin, even under new ownership. "We are pleased that PuraCap Laboratories, which acquired one of our existing industries about a year ago, is now expanding their operations in Franklin," Judge-Executive Henderson said. "Over the next few years, they will be investing several million dollars into our community. The jobs that they are creating with this expansion is certainly great news for Simpson County." To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in February preliminarily approved the company for tax incentives up to $160,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, PuraCap can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2016, the Kentucky Skills Network provided training for nearly 95,000 Kentuckians and 5,000 companies from a variety of industry sectors. The website for PuraCap Laboratories: PuraCap.com. A detailed community profile for Simpson County can be viewed at SimpsonCo. Information on Kentucky's economic development efforts and programs is available at ThinkKentucky.com. This story was posted on 2017-03-28 04:35:40
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Kentucky:
Louisville man sentenced for multiple drug and firearms charges Governor & delegation study European Apprenticeship programs Traughber Mechanical Services to create 10 jobs in Franklin Kentucky Dept of Revenue Fri 24 Mar 2017 Facts & Figures New federal law to affect the 2018 boating season Cave City, KY, physician sentenced to 18 months in prison Hike at Lake Barkley focuses on wildflowers - Sat 8 Apr 2017 Glow Orange for Work Zone Awareness Week Apr 3-7 KY 2nd in nat'l rankings for 2016 economic development success Juvenile Justice will award grants for alternatives to detention View even more articles in topic Kentucky |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
