Spartech Plastics LLC has qualified for tax relief on a potential expansion at its Greenville, Ohio, operation.
The Greenville facility extrudes sheet and roll stock. The expansion, which would cost more than $8.3 million, would protect 91 jobs and create another 90 within three years, according to a Jan. 30 news release issued by Ohio Gov. Bob Taft's office. Ohio is competing with another Spartech proposal for Indiana.
Spartech's Greenville plant would qualify for a 60 percent tax credit for a seven-year term under the Ohio Tax Credit Authority. The credit would have a value of about $312,000. Spartech would be committed to maintaining a Greenville operation for 14 years.
``We are considering expansion [in Greenville]; it is an important region for us,'' Spartech Chief Financial Officer Randy Martin said in a telephone interview from Spartech's head office in Clayton.
The Dayton, Ohio, Business Journal reported that Spartech would sell its plants in Clare, Mich., and Richmond, Ind., if it proceeds with the Greenville expansion. Spartech would build a new plant in Greenville and consolidate the three sheet extrusion plants' operations there. It would use its current Greenville facility for a warehouse, according to the newspaper.
Martin said Spartech has made no decision on its plans for Greenville.