TriEnda LLC plans to set up its second manufacturing operation to accommodate growth.
The Portage, Wis., thermoformer says it will invest more than $20 million in the operation in Marion, Ind. Most of the cost will be to buy new machinery, said TriEnda sales and marketing Vice President John Harris in a telephone interview.
TriEnda will occupy 200,000 square feet of the former Thomson Manufacturing building in Marion. The space will include distribution activities.
``The demand for our products continues to increase, and finding a location to site an additional production facility was essential to ensure we keep pace with the continued growth,'' TriEnda President and owner Curt Zamec said in a news release. ``After conducting a nationwide search, we found the ideal location here in Marion and look forward to starting production soon.''
Harris said the new operation, scheduled to start in December, will make a product line similar to one made at the firm's Portage headquarters plant. TriEnda makes and distributes thermoformed plastic pallets, trays, materials-handling products and packaging.
TriEnda estimates the new site will employ more than 340 people by 2012. Harris had no estimate for initial employment levels.
The company supplies more than 100 different light- to heavy-duty shipping containers and packaging materials, as well as its custom-designed products. Clients are concentrated in automotive, agriculture, government, grocery food processing and textiles. In addition to U.S. sales, last year Trienda exported to Canada, Mexico, Western Europe and Australia. It is capable of doing single- and twin-sheet thermoforming.
Zamec bought TriEnda, founded in 1975, late last year from thermoforming major Wilbert Inc. of Broadview, Ill.
The Indiana Economic Development Corp. is offering TriEnda up to $1.85 million in performance-based tax credits and up to $130,000 in training grants. The state also will kick in a grant of up to $325,000 to improve rail access to the site. The city of Marion will provide property-tax abatement, improve rail service and facilitate lease-hold improvements and equipment installation.