Construction underway on new plant from plastic manufacturer GOEX
What is it? Janesville manufacturer GOEX is building a new plant on the city's north side. Drivers might have noticed dirt piles at the construction site on Highway 14 at Newville Road.
The plant is expected to cost about $13 million.
The new 190,000-square-foot building more than doubles the company's space from its current location at 2532 Foster Ave. The company's sister corporation and neighbor, Prent Corp., will take over the current GOEX facility for warehouse and distribution, GOEX President Josh Gray said.
The city council in spring approved a package for GOEX that includes public contributions of more than $1.5 million. After a state transportation grant is applied, the city's cost drops to $891,000.
What do they do? GOEX is an industry leader in extruding a variety of resins into custom rigid plastic sheet and roll stock. It has posted double-digit growth in each of the last 10 years but is landlocked at its facility on Foster Drive.
When GOEX started the project, it had 130 employees. Today it is at 140, Gray said.
“By the time we move, I'm sure we'll have at least 10 more,” he said. “We'll continue to add as the need arises. We anticipate adding about 10 percent a year to the workforce.”
What's the timeline? Construction started July 8, and the facility is scheduled for completion by mid-July 2014.
Workers are preparing to pour footings and the foundation.
The company expects to be fully transitioned into the building by the end of 2014, Gray said.
Newcomb Construction of Madison is the general contractor.