GRAND ISLAND, NEB. - Diamond Plastics Corp. of Grand Island is building a $6.5 million PVC pipe plant in Muncie, Ind. The 60,000-square-foot facility on 27.6 acres will be Diamond Plastics' fifth plant. Production is scheduled to begin this fall with about 55 employees.
Diamond Plastics is a closely held corporation, which is one-third owned by Mitsubishi International of New York and two-thirds by Boyd Corp. of Houston, according to a company news release. It extrudes PVC pipe for the municipal, water, sewer and agricultural industries.
The firm is the 13th-largest plastic pipe extruder in North America, with estimated sales of $118 million, according to Plastics News' 1996 ranking of pipe, profile and tubing extruders.
Diamond picked the Muncie site for its eastern expansion because of its proximity to the Canadian markets and the number of metropolitan areas that use PVC water and sewer pipe, President John Britton said.
Incorporated in 1982, Diamond employs 287 and has plants in Grand Island; Lubbock, Texas; Macon, Ga.; and Golconda, Nev. The Nevada plant started production in 1995.