Company's sixth U.S. manufacturing location slated for 2020 opening
TORONTO, March 21, 2019 /CNW/ - IKO, a North American pioneer in the manufacture of residential and commercial roofing products has announced today that it will be constructing a new production facility in Hagerstown, Maryland.
The 500,000 square foot manufacturing and warehouse site will mark IKO's first new location in the northeast since it began its U.S. operations in Wilmington, Delaware in 1981. The new plant represents a $70 million investment for the company, which anticipates starting production in mid-2020, and will create 40 jobs locally by the end of that year.
"Hagerstown is another example of IKO's commitment to building the strongest and most state of the art production network in our industry," stated Guy Tremblay, IKO's Vice President of North American Operations. "No one in the industry has made the kind of investments in their manufacturing capabilities in the marketplace in the past 15 years that matches IKO. We're tremendously proud to be announcing this project, and equally as proud to be able to become a member of the business community in Hagerstown."
The new IKO site is located at 100 Tandy Drive in Hagerstown, which was the former home of Radio Shack's facilities.
About IKO
For nearly 70 years, IKO has been a pioneer and leader in the global roofing and related waterproofing and insulation industry for residential and commercial markets. A family-owned business for four generations, IKO remains rooted in its founding values of integrity and performance and provides best-in-class products, services and value. IKO has a commitment to innovation that strives to meet the ever-changing needs of its customers. That commitment, along with a continual investment in technology, local sourcing and vertical integration is roofing, elevated. For more information on IKO and its full line of product solutions, visit www.iko.com.
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SOURCE IKO Industries
For further information: Derek Fee, Manager - Corporate Communications, IKO, 235 West South Tec Drive, KANKAKEE, IL, 60901, 1-416-780-5898, Email: [email protected]
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