Merrillville, Ind.-based MonoSol LLC is expanding its capacity by building an $11 million, 30,000-square-foot plant to produce its water-soluble polymer packaging products.
The new plant, being built on a 15-acre industrial green-field site in La Porte, Ind., also will house pilot machinery for new product development and testing.
Polyvinyl alcohol is the core material for many of MonoSol's packaging products, said Woody Eaker, MonoSol's vice president of marketing, in a May 24 telephone interview.
The company manufactures a line of water-soluble, unit-dose packaging for dish-washing and laundry detergents. MonoSol officials also plan to produce specialty edible films at the new plant.
Construction is slated for this summer.
``We have been in business long enough to understand the cycles of environmental awareness and today's limitations on capacity and availability,'' Eaker said. ``We understand that these new products, new materials, are not going to take hold overnight. We take a long-term view of this.''
The company has been offered $170,000 in performance-based tax credits and about $80,000 in training grants from the Indianapolis-based Indiana Economic Development Corp. The City of La Porte has offered property tax abatement worth more than $923,000, said the economic development agency.
MonoSol spun off in 2005 from Warren, N.J.-based MonoSol Rx, a maker of water-soluble film for pharmaceutical applications. The two are now entirely unrelated, and MonoSol Rx is expected to change its name, Eaker said.
Founded in 1953, the company is a world leader in water-soluble polymers, according to MonoSol officials.