New compounder Planet Friendly Polymers plans to open a plant in Lima, Ohio, by the end of the year.
Lima-based PFP plans to spend $1.3 million on the 50,000-square-foot plant, which is part of a warehouse facility, company spokesman Craig O'Connor said Nov. 3 by phone. The firm also has received more than $150,000 in state funding.
PFP will start operating with 25-35 employees, although that number could reach 60 within three years, O'Connor said. The plant will make compounds based on polyethylene, polypropylene and other resins. Some PFP compounds will be based partly on industrial scrap material, he said.
Some of the plant's output will be sold on the open market, with the rest going to products marketed by J. Terence Thompson LLC, a Hagerstown, Md.-based firm that shares some ownership with PFP.
JTT sells a variety of plastic containers and storage products under the Tuff Nuff, SuperBox and Gorilla brand names. The products are carried by Lowe's and other major retailers.
The Tuff Nuff line includes moving and storage boxes made from 99 percent recycled plastics. Tuff Nuff, SuperBox and Gorilla products are made for JTT by contract manufacturers.
The Planet Friendly brand was established in 2008 to promote the company's sustainability efforts.
PFP's state funding consists of a $116,000 Ohio Job Creation Tax Credit from the Ohio Department of Development and $40,000 from the state's Rapid Outreach Grant program. The $40,000 grant will be used to help upgrade the building's electrical system so the company can melt and pelletize plastic.
Allen Economic Development Group, a Lima-based public/private partnership, worked with PFP on the project.
This is a great project for the community, AEDG Vice President Jeff Sprague said Nov. 3. Using existing space for manufacturing is a good thing.
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