Axium Plastics is investing $8.9M to expand Ohio facility

By Jessica Holbrook
Staff Reporter

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

By Jessica Holbrook
Staff Reporter

Published: January 14, 2013 6:00 am ET

Post Your Comments


Back to story

Upcoming Plastics News Events

June 4, 2013 - June 5, 2013Workforce Solutions West 2013

September 17, 2013 - September 18, 2013Plastics Caps & Closures 2013

November 12, 2013 - November 14, 2013Plastics Building Innovations 2013 Conference

More Events

Market Reports

Automotive Market Review and Outlook 2013 - North America

Plastics News' experts analyze North American automotive sector performance and prospects for future growth. View analysis of automobile manufacturers operating in the region as well as plastics processors that support the sector. Get perspectives from industry thought leaders on trends, product design, and the market outlook.

Learn more

Plastics News Thermoformers 2013 (Full Ranking)

Access data on 224 thermoformers including sales, throughput, number of presses, end markets served, materials processed, and plant locations.

Learn more