Michigan-based recycler adding plant in Indiana

By Jim Johnson
Senior Staff Reporter

Published: November 20, 2013 6:28 pm ET
Updated: November 20, 2013 6:33 pm ET

Related to this story

Topics Materials, Sustainability, Recycling

Up to 22 new plastics recycling jobs are coming to northwest Indiana as Padnos Plastic Solutions Inc. expands.

Through a project in Fremont, Ind., that’s expected to be operational by early next year, the Holland, Mich.-based company plans to create all of the new jobs by 2016, according to the Indiana Economic Development Corp.

Padnos Plastic Solutions wants to begin hiring for certain positions, equipment operators and lab technicians, later this month, the state said. Other positions, operation managers, material engineers and sales executives, will be filled within a year.

The move into Indiana, company President Jeff Padnos said in a statement, was “a natural” as the firm has vendors, customers and partners in the region.

“Our plastics plant in Michigan has reached full capacity and it made a lot of sense to go somewhere far, but not too far. Indiana is known to be a great place to do business and the initial experience with the local municipality is proving that notion accurate,” Padnos said in the statement.

Padnos Plastic Solutions is renovating an existing 120,000-square-foot facility for the new operation.

The company is receiving up to $75,000 in conditional tax credits and up to $40,000 in training grants from the economic development corporation. Fremont also is offering incentives that were not specified by the state.

Padnos Plastic Solutions is a unit of Padnos Inc., which also recycles metal, paper and electronics.


Comments

Michigan-based recycler adding plant in Indiana

By Jim Johnson
Senior Staff Reporter

Published: November 20, 2013 6:28 pm ET
Updated: November 20, 2013 6:33 pm ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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