Thermoplastic sheet maker Palram Industries Ltd. will install a new high-speed polycarbonate extrusion line at its Allentown plant.
Palram will move the warehouse portion of its business across the street from its existing location. The $3.6 million project will create at least 40 jobs within three years and retain 202 existing positions.
According to a June 16 news release from Pennsylvania Gov. Tom Corbett, the move is to enhance the company's position in the diversified industrial plastics marketplace.
According to the governor's office, Palram received a $198,000 funding offer from the state Department of Community and Economic Development, including a $100,000 opportunity grant, $18,000 in job training assistance and $80,000 in job creation tax credits.
“The incentive programs offered to us by [the state] allow us to further cost-justify our continued local investment in state-of the-art extrusion equipment, job creation and training to the benefit of our company, our community and the Commonwealth of Pennsylvania,” said Ron Dvir, president and CEO of Allentown.-based Palram Americas, in the release.
Palram Americas is the U.S. subsidiary of Palram Industries Ltd. of Ramat Johanna, Israel, a global sheet manufacturer with about $200 million in annual sales.
Palram products are used in end markets including home improvement, construction, architectural, advertising, agricultural, glazing, and fabrication.