Axium investing $8.9M to expand Ohio facility

Published: December 21, 2012 6:00 am ET

Related to this story

Topics Packaging, Blow Molding

NEW ALBANY, OHIO (Dec. 21, 12 p.m. ET) — Blow molder Axium Plastics LLC is planning an $8.9 expansion at its New Albany plant.

Axium is building a 900,000-square-foot addition to its Ohio facility, said Scott McAfee, a spokesman for the city of New Albany.

Based in Mississauga, Ontario, Axium built its 110,000-square-foot New Albany plant in 2011. The plant currently employs about 130 people.

According to local news reports, Axium plans to shift some production from its Mississauga and Atlanta plants to the New Albany facility.

The company will add 40 jobs at the location with an estimated payroll of $1.2 million, McAfee said by phone.

Axium will receive an additional 15-year, 100 percent property tax abatement from the city, a repeat of the benefits it received for its initial $16.2 million investment.

The plant is one of several manufacturing facilities in New Albany’s “personal care and beauty campus.” The area houses the headquarters of contract packager Accell Inc. and a plant operated by VeePak Inc., a Chicago-based contract packager, among others.

“[The campus] really helps create this vertical supply chain. So many of [the businesses] work with similar customers,” McAfee said.

In the last few years, the campus has generated 1,500 jobs, 85 percent of them new to Ohio, he added.

Axium makes rigid plastic containers for the personal-care, cosmetics, food and automotive markets. Company officials could not immediately be reached for comment.


Comments

Axium investing $8.9M to expand Ohio facility

Published: December 21, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Sainsbury, Schoeller Allibert to recycle food handling crates

July 30, 2014 1:37 pm ET

British retail group Sainsbury's has contracted Dutch recycler Schoeller Allibert BV to reprocess all of its old food crates back into food-grade...    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Acquisition expands Rieke Packaging's stake in Asia

July 28, 2014 4:39 pm ET

Diversified rigid packaging components producer Rieke Packaging Systems now has a bigger footprint in Asia.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of...    More

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move th...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events