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June 15, 2023 IKO confirms plans for $270M shingle plant in Maxville by 2026

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IKO, a global industry leader in the roofing, waterproofing and insulation industry, confirmed its plan to construct a new manufacturing campus in Maxville.

Construction of the new $270 million site will include an asphalt shingle production facility, in addition to an insulation board plant and a commercial rolled roofing plant.

The 300,000-square-foot facilities will initially employ about 100 people locally. Clay Today first reported the plan on Nov. 30. The plan, called “Project Gator,” advanced after the Board of County Commissioners agreed to offer tax rebates as part of its Economic Development Grant.

The company intends to begin work on the site near U.S. Highway 301 and County Road 218 later this year. It marks the eighth modern shingle production line in IKO’s North American manufacturing operations and the first facility it has built in Florida.

“As a company, we have a strong belief that you can never remain static; you are always in a situation where you are looking to contract or grow your business,” explained David Koschitzky, CEO of IKO North America.

“In the past decade, we’ve made some of the largest investment commitments we’ve ever made as a family business. They are a clear statement of our belief in the growth of our company and of the strength of our industry.

Clay County and the Clay County Economic Development Corporation have been great partners for us as we looked at this project, and we’re very pleased to be building our first-ever Florida facility.”

“This project will provide generational opportunities for Clay County residents in the form of quality, high-wage employment, and the county as a whole will benefit from the significant capital investment. Manufacturing is the backbone of the American economy,” said Crawford Powell, President of the Clay County Economic Development Corporation.

The current timetable for the three production lines anticipates that the shingle line will be commissioned and shipping product to market by mid-2025.

Article written by Clay Today Online