Madras Packaging LLC plans to expand its headquarters operations in Argos, creating up to 30 jobs by the end of 2012.
The company, which manufactures dairy, industrial, household chemical and personal-care bottles, will begin construction this month on a 40,000-square-foot warehouse adjacent to its existing, 130,000-square-foot bottle plant.
Total investment for the new building and equipment is expected to be $5.8 million over the next three years.
Madras Packaging currently employs 79 in Argos.
Our Argos facility has experienced significant growth in sales over the last year requiring the expansion of the facility, said Joe Carr, vice president and general manager, in a company news release.
Argos is in a perfect location when you consider it is centrally located within a number of major markets for plastic bottles such as Indianapolis, Chicago, Detroit and others, he said. This is why we chose to continue to invest in our Indiana facility vs. erecting a plant in another state.
Madras Packaging began production in Argos in 1997, and it currently makes 450 million bottles annually for customers that include Procter & Gamble, Kroger and Sunny Delight as well as regional dairies.
The Indiana Economic Development Corp. will give the company up to $165,000 in performance-based tax credits and $39,000 in training grants. The town of Argos will consider additional property tax abatements.
Madras, which is based in Argos, also has a manufacturing plant in Atlanta.