Jun 8 2010
MVR, a manufacturer of high performance sustainable plastic resins, today announced the site of its new 90 million pound per year manufacturing facility in Frankfort, KY. MVR will transform the 220,000 square foot facility, previously home to an auto parts manufacturer, into a model for the manufacturing of several different grades of its post-consumer recycled plastic resins.
The Frankfort facility will be outfitted with cutting-edge sorting, cleansing and pelletizing equipment, enhancing the efficiency of MVR’s proprietary recycling and manufacturing process. The company will employ 360 local residents at the facility which will be online later this year.
“Kentucky is proud to welcome MVR, an environmentally friendly company, to its capital city,” said Kentucky Gov. Steve Beshear. “The creation of 360 new jobs and a more than $9.2 million investment will provide a significant boost to the economy, opening up hundreds of employment opportunities for the community. We look forward to a continued partnership with MVR as they establish and grow their new facility in the Commonwealth.”
“The new Frankfort plant is an important first step in the expansion of MVR’s sustainable plastic resin manufacturing and will serve as a model for the company’s future expansion,” said Ronald Whaley, president and CEO of MVR. “There is high demand among consumer product manufacturers for our sustainable resins, a key component of environmentally-friendly products which are popular with consumers.”
He continued, “We were drawn to the Frankfort area for the availability of skilled labor and the support of the local and state government.”
In addition to the 360 new jobs MVR will create in the Frankfort community, there will be an environmental benefit as well. Each 50 million pounds of recycled plastic resin manufactured by MVR saves the equivalent of 275,000 barrels of oil in carbon dioxide emissions, as compared to virgin plastic resin. The facility will also clean and recycle any water used during the manufacturing process, further reducing the environmental impact of the resin product.
The new MVR facility is located at 2001 US Highway, 421 South, Frankfort, KY.
MVR recently announced receiving FDA clearance for the use of recycled polypropylene and polystyrene to manufacture food contact products.