Asia Biz News - Asian Business News and Tenders
Israel-Based Plastics Supplier to Locate First U.S. Facility in Indiana
July 17, 2017
Polyram Group, a company in Israel that produces raw materials for the plastics industry, has selected the city of Evansville, Indiana to be the location of its first U.S. production facility.
The company also has plans to create more than 50 new jobs by 2022.
The Israel-based manufacturer will lease, renovate and equip a 100,000-square-foot facility in the Vanderburgh Industrial Park.
With renovations on the building scheduled to begin this month, the company will update the facility to meet its industrial service requirements and install equipment to produce plastic additives and adhesives for the compounding and food packaging industries.
Operations at the facility are expected to begin in early 2018. Polyram, which currently employs 200 associates globally, plans to hire its Indiana plant manager and human resource manager this summer.
Hiring for all other positions, including warehousing, maintenance, shift leader, machine operating, accounting and lab jobs, will follow later this year and early next year. “We are excited and are looking forward to joining the Indiana community known all over the world for its manufacturing tradition and culture,” said Sharon Segev, chief operating officer at Polyram.
“The Evansville area is internationally known for its deep plastic industry roots. Its ideal logistical location and availability of a highly-skilled workforce with all the skill sets required for plastic manufacturing were key factors contributing to our decision.” Founded in 1986 in Ram-On, Israel, Polyram is a global plastics supplier with two production facilities in Israel and one production site in China, in addition to warehouse and sales operations in Ohio, Spain, France, the United Kingdom, China, Germany, Italy and Russia.
Polyram’s new Indiana facility will serve the company’s customers locally and around the world. The Indiana Economic Development Corporation (IEDC) offered Polyram Plastic Industries Ltd. up to $275,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans.
These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
In addition, the IEDC will provide Vanderburgh County with up to $50,000 in infrastructure assistance from the state’s Industrial Development Grant Fund.
Vanderburgh County approved additional incentives at the request of Growth Alliance for Greater Evansville.
Copyright: North America Procurement Council, Inc. PBC