Axium Plastics is investing $8.9M to expand Ohio facility

Published: January 14, 2013 6:00 am ET

Related to this story

Topics In Print

Blow molder Axium Plastics LLC is planning an $8.9 million expansion at its New Albany, Ohio, plant.

Axium is building a 90,000-square-foot addition to its Ohio facility, said Scott McAfee, a spokesman for the city of 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 Plastics is investing $8.9M to expand Ohio facility

Published: January 14, 2013 6:00 am ET

Post Your Comments


Back to story

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events