Plastpro Inc. will open a facility to produce composite doors, its first in the United States, by the second quarter.
The Livingston, N.J.-based subsidiary of Formosa Plastics Group USA has purchased a 100,000-square-foot facility in Saybrook Township, Ohio, said Joe Mayernick, executive director of Growth Partnership for Ashtabula County, Ohio.
``My sense of it is that assembly and warehousing will get started in the second quarter and molding will begin in the fourth quarter,'' Mayernick said in a Jan. 2 telephone interview.
Plastpro officials declined comment.
County officials estimated that Plastpro will manufacture 60,000 doors per month. By the end of the year, the operation should employ 120. Saybrook Township is located near the city of Ashtabula.
Plastpro also considered sites in Indiana, Pennsylvania and Georgia.
Taipei, Taiwan-based parent company Formosa Corp. currently produces fiberglass doors for the European, Japanese and Asian markets, according to the Ohio Department of Development.
``We're going through the process of doing a 10-year, 60 percent tax reduction on real and personal property,'' Mayernick said. ``That should be finalized by the end of the month.''
Additionally, Plastpro received several incentives from the state of Ohio, according to the Department of Development. The company will receive a $2.5 million loan for a five-year term and a $6 million bond from the Ohio Enterprise Bond Fund for a five-year term.
Each incentive is pending state controlling board approval, and the next meeting is Jan. 13, said Maria Smith, department spokeswoman.
Formosa Plastics Group is a diversified plastics manufacturer, maintaining ownership of film and sheet manufacturer Inteplast Group Ltd. and PVC pipe extruder J-M Manufacturing Co. Inc.
Both Formosa operations are headquartered in Livingston, N.J.