Lexington Biotech Company Announces Million Dollar Expansion

Reported by: Aaron Adelson
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 10/03/2012 7:41 pm
New jobs are coming to Lexington.  Allylix announced it will invest $1.6 million dollars, and 13 new full-time jobs. 

The company will pay its new employees nearly $60,000 a year.  Allylix credits the state with helping start the company, and the city for providing a great place to live. 

"We started here, and once we were here this was a great place to be.  We've got a great work force, we've got access to support from the University, great quality of life for our employees, and we just kind of built upon that."

The city says it works hard to be a place where people want to live.

"Lexington sells itself.  So when we have a great quality of life, people can live anywhere, they can make the choice of where they want to live.  If we give them a great place to live, that's where they're gonna want to live.  That's where they're gonna want to do business," said Lexington Mayor Jim Gray. 

The company started in Lexington after 12 years of research from UK led to a breakthrough.  Scientists discovered a way to make a naturally occurring compound by fermenting yeast.

"We're able to produce compounds no one could produce economically before.  It's a new way to use yeast to produce new types of renewable chemicals," said Fritz. 

Allylix turns the yeast into fragrances and flavors as well as cosmetics and bio-fuels.  The city hopes these 14 research based jobs will eventually lead to even more jobs in production and manufacturing. 
Most Popular
Coroner: Elderly Mercer Co. Couple Die in Apparent Murder-Suicide
The Mercer County Coroner has confirmed that an elderly couple were found dead in their home Sunday night following an apparent murder-suicide.
Former High School Football Coach Charged with Sodomy, Sexual Abuse
According to deputies in Pulaski County, a former high school football coach has been arrested on charges of sodomy and sexual abuse.
Police: Shots Fired Near Lexington School
Lexington Police said shots were fired Monday afternoon near Lafayette High School. Although school had been out for the Labor Day holiday, youth football tournament was being held at Lafayette. Video Video
UPDATE: Name Of Victim In Fatal Lexington Crash Released
The name of the woman killed in a Lexington crash early Saturday morning has been released.
Lexington PD: Argument Between Neighbors Results in Gunfire
An argument between neighbors escalated to at least one shot being fired Monday afternoon, according to Lexington Police. Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.