Weekly Newsletter

09 June 2023

Weekly Newsletter

09 June 2023

IKO Industries announces $270m manufacturing campus in Florida

Canada's IKO Industries will open a 28,000m² manufacturing campus in Clay County, Florida, creating 100 jobs.

Richard Gardham June 09 2023

IKO Industries, a Canada-based leader in manufacturing and supplying residential and commercial roofing products, waterproofing and insulation systems, has announced plans to invest $270m to open a 28,000m² manufacturing campus in Clay County in the US state of Florida. The new facility will create 100 jobs and is expected to open in 2026.

IKO was formed in Canada in 1954 and grew quickly in the years after through its Brampton-based operations. It has since expanded globally; in Europe since 1972 and the US since 1979. The company now has some 3,500 employees and more than 25 manufacturing plants in Belgium, Canada, France, the Netherlands, Slovakia, the UK and the US. It ships roofing products to almost 100 countries.

“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,” said David Koschitzky, CEO of IKO North America, in a press release. “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.”

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close