The Ohio Department of Development has announced a grant that will assist a plastics company's expansion plan.
Ohio's Allen County has been awarded $435,000, which it will loan to Precison Thermoplastics Components Inc. The firm, an injection and compression molder and extruder, will spend about $1.8 million to construct a 49,980-square-foot warehouse next to its plant near Lima. The project is expected to create 30 jobs and free up production space.
PTC officials did not respond to requests for an interview.