Canada-based IKO Industries, a global industry leader in the roofing, waterproofing and insulation industry, announced last week that it will invest $270 million in the creation of a new manufacturing campus in Northeast Florida. The site will be located near Middleburg in Clay County and include an asphalt shingle production facility, insulation board plant and commercial rolled roofing plant.
This will be IKO’s first facility in Florida, and its 8th modern shingle production line in the United States.
Construction on the 300,000-square-foot facility will begin later this year with plans for the first of three production lines, the shingle line, to be commissioned and shipping products before the end of 2025. Initially, the company plans to employ 100 Northeast Florida residents.
Currently, IKO operates more than 35 manufacturing plants throughout North America and Europe. With the creation of this facility, the roofing products manufacturer will be able to take advantage of Jacksonville’s westernmost location along the East Coast and its transportation and logistics infrastructure, that allows a same-day reach of more than 98 million U.S. consumers.
The IKO announcement comes at the same time as the recent announcement of Spanish-based Cosentino Group’s expansion into the United States with the creation of a multi-phase manufacturing facility in the region.
IKO and Cosentino Group join other leading advanced manufacturers, such as BAE Systems, Northrop Grumman and Johnson & Johnson Vision as catalysts for growth in the Jacksonville region as it remains a sought after destination for companies looking to expand their reach and increase production capabilities.