Merrillville-based Polycon Industries to invest $15 million for Expansion
3 August 2016
A local manufacturer of plastic containers has announced plans to invest $15 million to expand its operations, creating up to 100 new jobs by the end of 2017.
Polycon Industries plans to construct and equip a 150,000-square-foot addition to its plant on Colorado Street, which it shares with its parent company, Crown Packaging, according to the Indiana Economic Development Corporation.
The project, which began last month, will bring the facility to 325,000 square feet and enable Polycon to increase production of blow-molded, high-density polyethylene plastic containers.
Operations in the new wing are scheduled to begin in February 2017.
Polycon, which currently has more than 130 employees, plans to begin hiring skilled machine operators, processors and experienced mechanics this month. Applications and upcoming job fair information will be posted to Polycon’s website, www.crownpolycon.com, soon.
Polycon Industries was founded in 1969 in Chicago and moved to Merrillville in 2000. The company manufactures plastic bottles used by the chemical, food and health care industries.
“With the help of a strong business climate at the state and local levels, we have the support we need to grow our business on an even larger scale,” said David Blitstein, vice president and general manager of Polycon.
The Indiana Economic Development Corporation offered Polycon up to $635,000 in conditional tax credits and up to $30,000 in training grants based on the company’s job creation plans. The company can claim the incentives as it hires new workers.
The Lake County IN Economic Alliance helped facilitate the deal between Polycon, the Town of Merrillville, and the Indiana Economic Development Corporation.
The town of Merrillville approved a property tax abatement for the project.
“When quality companies like Polycon look to hire more employees at a good wage and make a significant investment in our community, we step up to help them prosper,” Town Councilman Shawn Pettit said.
Source : nwitimes.com