IKO Announces Construction of New Manufacturing Campus in Florida
WILMINGTON DE, June 1, 2023 /PRNewswire/ – IKO, a global industry leader in roofing, waterproofing, and insulation, has confirmed its plans to construct a new manufacturing campus in Clay County, Florida. The $270 million project will feature an asphalt shingle production facility, an insulation board plant, and a commercial rolled roofing plant. This expansion marks IKO’s first venture into the state of Florida, demonstrating the company’s commitment to growth and its belief in the strength of the industry. The construction is scheduled to commence later this year near Florida Highway 301 and County Road 218, and it is expected to generate significant employment opportunities for the local community.
IKO’s Expansion and Investment Commitments
IKO North America’s CEO, David Koschitzky, emphasizes the importance of not remaining static in business and the constant need for growth. He explains, “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.” The decision to establish a manufacturing campus in Florida underscores IKO’s dedication to expanding its operations and reaching new markets.
Partnership with Clay County and Economic Benefits
IKO recognizes Clay County and the Clay County Economic Development Corporation as valuable partners in bringing this project to fruition. By collaborating with these entities, IKO aims to contribute to the local economy by creating quality, high-wage employment opportunities for Clay County residents. Crawford Powell, President of the Clay County Economic Development Corporation, expresses his optimism about the project, stating, “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.” This endeavor exemplifies the vital role that manufacturing plays in supporting the American economy.
Facilities and Production Timeline
The new IKO manufacturing campus will cover an expansive area of 300,000 square feet. It will house an asphalt shingle production facility, an insulation board plant, and a commercial rolled roofing plant. These facilities are expected to employ approximately 100 people locally upon their initial launch. IKO plans to begin construction later this year, with the three production lines aiming to be operational by mid-2025. The shingle line will be commissioned and begin shipping products to the market as part of the anticipated timeline.
IKO’s decision to construct a new manufacturing campus in Clay County, Florida, marks an exciting milestone in the company’s growth and expansion efforts. The $270 million project, featuring state-of-the-art facilities, will create employment opportunities for the local community and contribute to the economic development of Clay County. This endeavor reflects IKO’s commitment to investing in the future and further solidifies its position as a global leader in the roofing, waterproofing, and insulation industry.
Established in 1951, IKO has emerged as a world leader in the roofing, waterproofing, and insulation industry. With operations spanning North America and Europe, IKO operates more than 35 manufacturing plants. As a vertically integrated company, IKO continues to innovate and provide top-quality products for both residential and commercial markets.