DECATUR, ALA. (July 20, 4:15 p.m. ET) — Polyplex Americas Inc., a subsidiary of India's Polyplex Corp. Ltd., has broken ground for its new North American headquarters and polyester films plant in Decatur, Ala.
The company, which has manufacturing in India, Thailand and Turkey, has had a U.S. presence since the mid-1990s, with a sales office in Farmers Branch, Texas.
Over the next three years, Polyplex Americas will spend $185 million to develop the Alabama site, according to a July 20 news release from the firm.
The first phase, to be complete by the third quarter of 2012, will include a high-speed, 28.5-foot-wide, thin-gauge film line with an annual capacity of 33,000 tons, and a resin feedstock plant with 66,000-ton annual capacity, according to the release.
Phase two will result in the addition of a second PET film line within a few years, the company said. In all, the plant will employ 150.
The Alabama plant represents Polyplex's largest capital investment in a single location, according to the release.
Gov. Robert Bentley joined company and local officials for the June 20 announcement in Decatur, according to a release from the Alabama Development Office.
“I am pleased that Polyplex decided to include Alabama as their first facility in North America,” Bentley said in the release. “This is great news for our state and look forward to a long partnership with them.”
The Decatur site offered industrial infrastructure, trained manpower, vicinity of key raw materials and relative proximity to a majority of U.S. customers, according to Sanjiv Saraf, chairman of Noida, India-based Polyplex Corp. Ltd.
The Decatur Industrial Development Board approved tax abatements of $547,000 a year for 10 years to aid the project, according to local news media reports.