Sumika Polymer Compounds America Inc. has chosen Griffin as the site of a new 50-employee compounding plant set to open in early 2009.
The 90,000-square-foot plant will produce polypropylene compounds for the automotive industry, including for use in bumpers and other components.
Georgia's ``position as one of the major automobile producing regions'' and Griffin's ``efficient infrastructure'' affected Sumika's decision, President Teruhiko Doi said in an Oct. 16 news release from the office of Georgia Gov. Sonny Perdue.
Perdue said in the release that the strength of the state's auto industry and its ``valuable economic partnership'' with Japan also played a role in the decision.
Georgia is providing Sumika Polymer with financial help from the state's Edge Fund - aimed at supporting job creation - as well as annual tax credits from $750-$1,250 per job for 10 years.
Sumika is a joint venture, formed earlier this year, between Sumitomo Chemical Co. Ltd. and Toyo Ink Group, both of Tokyo. Sumitomo owns 55 percent.
Petrochemicals and plastics made up the largest of Sumitomo's six business groups in 2006.