Plastics Company Continuing Indiana Growth
(photo courtesy of 20/20 Custom Molded Plastics)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAn Ohio-based plastics manufacturer is planning to once again expand its operations in northeast Indiana. 20/20 Custom Molded Plastics LLC says it will invest nearly $13 million to renovate and equip a 325,000-square-foot facility in Bluffton and create up to 125 jobs by the end of 2022. The company, which structural foam products such as pallets, floating dock systems and in-ground enclosures, says the expansion will accommodate increased demand.
20/20 says the expansion will include the installation of three 1,500-ton structure foam presses and seven 375-ton and 500-ton high-pressure presses. The company did not provide a time frame for the project’s completion.
“These changes will undoubtedly bring new opportunities for our customers in terms of their own needs, product development and manufacturing flexibility,” 20/20 Executive Vice President Chad Adams said in a news release. “We highly anticipate watching our teams at both locations grow. Our employees are a huge part of 20/20’s success, and we are forever in debt to them.”
The company has already hired six new employees toward its goal. The company employs more than 440 workers, including more than 200 in Indiana, and is currently hiring in Bluffton for positions including press operators, supervisors and assistant supervisors.
The Indiana Economic Development Corp. has offered 20/20 up to $825,000 in conditional tax credits, which the company will not be able to claim until Hoosier workers are hired for the new jobs. The city of Bluffton also plans to consider additional incentives.
The expansion announcement comes four years after 20/20 detailed plans to invest $26 million into its Bluffton operations. The company acquired the Bluffton facility in 2017.