Futura Inc., a thermoforming start-up company in Euclid, Ohio, began production the third week of May, due in part to a five-year tax abatement. President Robert Whiteside explained that the firm is an intermediary between raw materials producers and custom thermoformers.
``We work with the raw material to a point where it's ready for mass production,'' Whiteside said.
``We develop the product and the process and see the raw material through the initial product stage and through marketing tests.''
He added that Futura helps custom thermoformers that may not have the time or in-house talent to work on research and development.
The Ohio Job Creation Tax Credit Authority approved a five-year, 50 percent tax credit for the company. The $1.1 million project will create 35 jobs.
The 38,000-square-foot plant has four thermoforming ma-chines, both vacuum and pressure. Whiteside said the company will add more machines depending on the number and type of projects that come in. Futura had been doing development work for three months before it began production, and now employs six.
Futura uses all thermoformed plastics and composites for applications in the aviation, health-care, heavy truck, trailer, construction, home product and electronic industries. The firm is targeting fiberglass products, to replace them with composite materials, Whiteside said.