Printing Business Consolidating Kentucky-Based Operations to Wayne County

Published on 12/1/2015

 

RICHMOND, Ind. (Dec. 1, 2015) – Grafcor Inc., a large format printing company, announced plans today to consolidate its Edgewood, Kentucky-based operations to Richmond, creating up to 23 new jobs by 2016.
 
The company, which is a subsidiary of Ohio-based Innomark Communications, will invest $2.03 million to begin moving screen printing presses and associated equipment from an Innomark facility in Kentucky to its current 40,000-square-foot facility in Richmond where the company operates lithographic printing presses. With the consolidation, which is expected to begin early next year, Grafcor will expand its range of capabilities and streamline its printing services, offering start-to-finish production under one roof.
 
“There’s a reason why our team has worked with hundreds of companies just this year that have decided to add more quality jobs in the Hoosier State,” said Jim Schellinger, president of the Indiana Economic Development Corporation. “Companies like Grafcor understand that to grow a business, you need a state that balances its budgets, keeps taxes low and invests in its growing workforce. Grafcor found all of that in Indiana, and we’re happy to welcome their out-of-state operations to the Hoosier State.”
 
Grafcor currently employs more than 20 full-time Indiana associates. As part of its plans to double its workforce, Grafcor will begin hiring this month for production and production-related positions. WorkOne Eastern Indiana will assist Grafcor to recruit people to fill the positions and Indiana Career Connect will list the jobs when they become open.
 
“Given the existing facility in Indiana and the proactive support from both the state and local economic development groups, the choice was clear,” said Steve Zick, senior vice president and general manager at Innomark Communications. “The low cost of living and the city’s efforts to grow were added incentive for us.”
 
Founded in 1993, Grafcor prints sheets for use in consumer packaging, retail signage and retail point of purchase displays. With national clients including Pepsi, Walmart, T-Mobile and PetSmart, Grafcor plans to continue to supply more than two million printed sheets annually to the national market while adding the capability to handle the printed signage needs of regional campaigns and smaller national brands.
 
The Indiana Economic Development Corporation offered Grafcor Inc. up to $135,000 in conditional tax credits and up to $25,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Richmond will consider additional incentives at the request of the Economic Development Corporation of Wayne County.
 
“Having worked in the printing industry I’m thrilled Grafcor chose Wayne County for their expansion,” said Ken Paust, president of the Wayne County Board of Commissioners. “This project will provide diversity and flexibility not only for them, but for their customers as well. Grafcor is an excellent Richmond company. This is great for Wayne County manufacturing.”
 
Grafcor is the latest company to announce that it plans to consolidate its operations to Indiana, joining businesses like Illinois-based Hoist Liftruck, Illinois-based Franklin Well Services and Kentucky-based Kellco Precision Machine and Tool.

About Grafcor
Today's print buyers are asked to accomplish a great deal more with less. We alleviate this pressure by providing exceptional service and support. Grafcor's dedicated Account Management team and Production experts have the experience to plan, execute, and deliver your most complex print projects - on time and within budget. For more information, visit www.grafcor.com.
 
About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.

Media Contacts:
Steve Zick (Grafcor) – 937.425.6100 and zicks@innomarkcom.com
Abby Gras (IEDC) – 317.232.8845 or agras@iedc.in.gov

Related Links:
11610 North College Avenue
Carmel, Indiana 46032
317-573-9955    317-575-3372 (fax)
1-800-826-IMPA    info@impa.com

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