American RENOLIT Plans La Porte Expansion
The German company's North American headquarters is in La Porte.
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA German-owned company with a subsidiary in northwest Indiana has announced a $25 million investment in its La Porte operation. American RENOLIT Corp. is planning to add 30 jobs by 2019 as a result of the expansion. American RENOLIT currently employs 175 in LaPorte County and is looking to add production operators and maintenance technicians.
The manufacturer produces films used in the graphics, label, furniture and window industries. American RENOLIT located to northwest Indiana in 1999 following an acquisition from Solvay group.
In 2014, the company detailed a $1.5 million investment in space and equipment at the La Porte operation. The Indiana Economic Development Corp. says American RENOLIT’s current footprint is 220,000 square-feet and the company has invested nearly $100 million in the city over the last 18 years.
President Renaat Demeulemeester says "this capacity extension confirms Renolit’s leadership in the calendered film market in the US, and I am proud that it demonstrates our drive to meet our customers’ current and future needs, our strong commitment to the La Porte community and that it recognizes and rewards the dedication of our employees as a major contributor in the continued success of American RENOLIT Corporation."
The company has been offered up to $275,000 in conditional tax credits from the IEDC. Construction is expected to begin this year and it is slated to be complete by the end of next year.
You can connect to more about the expansion by clicking here.