Medical processor Value Plastics plans to expand

By Jeremy Carroll
Assistant Managing Editor

Published: September 26, 2013 2:07 pm ET
Updated: September 26, 2013 2:11 pm ET

Related to this story

Topics Medical, Pipe/Profile/Tubing, Extrusion

Value Plastics Inc. is considering a $28 million facility in Loveland, Colo., to manufacture plastic tubing components for the medical device industry.

Loveland city officials are considering offering the company a financial incentive of upward of $1 million to build its new facility in the city. According to a city memo, the company also looked at locations in Georgia, Illinois and Ohio.

Value Plastics produces over 4,000 various plastic tubing components, including check valves, stopcocks and quick connections for the medical device industry. The company sells the components to various medical device equipment manufacturers.

The company would relocate 83 jobs to the facility and add approximately 60 new jobs with an average salary of $72,000 annually, a city document said.

The incentives include wavier of building permits fees and construction materials use tax ($311,110); wavier of capital expansion fees and system impact fees ($230,000); cost infrastructure improvements on the site including water, sewer and electricity ($313,771); assumption of the third party reimbursement agreement ($39,472); and rebate of business personal property tax for five years ($200,000).

The City Council is expected to vote on the incentive package on Oct. 1 and the company is expected to make a final decision on the location of a new facility in November, city documents said. An official with Value Plastics did not return a phone call seeking comment on the potential new facility.

Value Plastics is a subsidiary of Westlake, Ohio-based Nordson Corp. The company had $1.4 billion in sales in 2012 with more than 5,000 employees.


Comments

Medical processor Value Plastics plans to expand

By Jeremy Carroll
Assistant Managing Editor

Published: September 26, 2013 2:07 pm ET
Updated: September 26, 2013 2:11 pm ET

Post Your Comments


Back to story


More stories

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

AMA Plastics adds presses, changes management structure

November 24, 2014 3:57 pm ET

AMA Plastics Inc. has strengthened its management structure, received recognition for entrepreneurship, achieved quality improvements and added three ...    More

Image

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Molder Carclo expands in China, chasing medical growth

November 19, 2014 3:44 pm ET

U.K.-based injection molder Carclo plc is “significantly” expanding its Chinese medical manufacturing capacity with a new factory, as the ...    More

Image

Vinyl records refuse to fade out

November 18, 2014 3:37 pm ET

The recording industry is taking vinyl for a spin. Again. Twenty-five years ago when Plastics News was ramping up printing presses, record presses we...    More

Market Reports

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

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 billion 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events