Color concentrates maker Penn Color Inc. plans to build a new $1.7 million plant covering 50,000 square feet in Milton, Wis.
The plant is expected to open in the second half of 2010 with 12-15 employees making color concentrates for cups, toys and other products, said Penn Color thermoplastics industry manager Robert Kaminski, in a Jan. 8 phone interview.
Doylestown, Pa.-based Penn Color already operates U.S. plants in Pennsylvania, New Jersey, Virginia and Georgia, as well as plants in the Netherlands and India.
Penn Color will build the plant on a 13.5-acre parcel that it bought from the city of Milton for $1. The city also will build a highway access road for the site at a cost of about $650,000. Employment at the new plant eventually could reach 30.
We had looked at making an acquisition or buying an existing building, then we found out that offers like this were out there, Kaminski said. Our customers and business opportunities were growing in this part of the country. We've been happy with the results, so we decided to make a larger financial investment.
The new plant also will provide Penn Color with shipping and logistics savings. The firm had been serving the Midwest from a plant in Hatfield, Pa. Milton is located about 55 miles west of Milwaukee.
It's the second major move for Penn Color in the last three years. In 2008, the firm spent $5 million to relocate its Ringgold, Ga., plant to a larger building in that same city.
Penn Color also added a large twin-screw extrusion line in Hatfield last year, Kaminski said. The firm will add two additional single-screw lines at that location by mid-2010, he added.
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