Beach Mold & Tool Inc plans $23.3 million expansion in New Albany, Indiana

Specifications:

Name:

Beach Mold & Tool Inc plans $23.3 million expansion in New Albany, Indiana

Location:

New Albany, Indiana

Company:

Beach Mold & Tool Inc

Estimated Cost:

$23.3 million

Source:

beachmold.com

Introduction:

Beach Mold & Tool, Inc., manufacturer in the plastics industry producing injection molded parts and assemblies plans to invest $23.3 million to expand its operations in New Albany.

Features:

Beach Mold & Tool, Inc. plans to construct a new warehouse of approximately 140,000 sq. ft. which will increase manufacturing capacity at its current facility in the New Albany Industrial Park. The company plans to install additional large injection molding presses, along with other equipment required to produce plastic parts and assemblies for new programs slated to start in 2017.

This proposed expansion project creates up to 160 new jobs by 2019. This would come on top of the 665 existing jobs that would be retained in New Albany.