Recycled plastics manufacturer Gould Industries is setting up shop in Pike County.
The Mississippi Development Authority announced Wednesday that the company is investing $14 million into an existing plant in Summit and is expected to create 65 new jobs.
Gould Industries recycles millions of pounds of waste into high-performance products annually. The Canada-founded company plans to modernize its new south Mississippi location while adding additional production lines to increase capacity. The project will allow the company to expand its operations and strengthen its presence across a variety of North American markets.
“This acquisition is a defining moment in our company’s history and a deliberate step in the long-term vision I have set for Gould Industries in the United States,” Gould Industries President and CEO Frederico Panetta said. “We did not simply look for a facility; we looked for the right community, the right people and the right opportunity to build something that lasts. Mississippi gave us all three.”
The Mississippi Development Authority is providing assistance through the Mississippi Flexible Tax Incentive program. Pike County is also assisting with the project.
“Mississippi has a track record for helping companies turn plans into reality,” Mississippi Development Authority Executive Director Bill Cork said. “We have built a solid reputation for moving fast, staying flexible and delivering for businesses like Gould Industries that are ready to grow. It’s why companies are confidently investing in major projects and bringing real opportunities to Mississippians in every corner of our state.”
