Yachiyo spends $10M to expand in Ohio
MARION, OHIO — Auto supplier U.S. Yachiyo Inc. will invest more than $10 million to expand its fuel-tank manufacturing plant in Marion.
The Ohio Tax Credit Authority approved a 40 percent, six-year tax credit Jan. 30 to help finance the expansion. U.S. Yachiyo — part of Yachiyo Industry Co. Ltd. of Yachiyo, Japan — blow molds plastic tanks for Honda Motor Co. Ltd.'s assembly plant in nearby Marysville, Ohio.
Vice President Ray Sanders told local media in Marion that the expansion will bring 30 more jobs to the existing 175 at the site.
Local city and county officials also were expected to approve tax breaks to help finance the 40,000-square-foot addition.
Soybean group funds Biobent research
COLUMBUS, OHIO — Bioplastics maker Biobent Polymers is receiving funding from the United Soybean Board through Battelle Memorial Institute.
Battelle will use funding from USB, a trade group for the soybean industry, to help commercialize soy-based plastics sold by Dublin, Ohio-based Biobent. The amount of the funding was not specified in a Feb. 14 news release from Battelle, a leading independent research organization based in Columbus.
“With USB support, we are continuing our alliance with Biobent Polymers taking the next step down the commercialization road for a critically important sustainable green technology,” said Battelle senior market manager Rick Heggs.
Biobent sells soy-based bioplastics under the Panacea brand name. The materials, which incorporate polyethylene and polypropylene resins, are compounded for Biobent by Ovation Polymers of Medina, Ohio.
In a Feb. 15 phone interview, Biobent strategy and operations chief Keith Masavage said his firm hopes to have its own production site up and running by 2013, with annual capacity of 30 million to 60 million pounds. Panacea sales are expected to total 10 million pounds this year.
No plant site has been chosen, but he said Biobent has received interest from several Ohio communities. The project is expected to require an investment of $5 million to $6 million.
Ring adding Calif. blow molding plant
OAKLAND, TENN. — With an investment of more than $5 million, Ring Container Technologies will construct a new facility in Modesto, Calif., according to a Feb. 10 news release.
The plant will add up to 100,000 square feet and will blow mold high density polyethylene and PET containers for edible oils, snack food and confections.
The plant, Ring's first PET manufacturing venture on the West Coast, will create 24 jobs to start. May 2012 is the target date for getting the facility up and running. The Oakland-based firm chose Modesto for its proximity to customers. The plant will include Graham wheel machines and Nissei equipment.
Earlier this year, Ring invested nearly $8 million in its South Carolina facility. And it's not stopping there. “Potentially, we have two other [facility expansions] starting later this year,” said sales and market development director Brian Smith.
The firm is a unit of privately held Ring Cos.
Wisconsin Film & Bag gets green light
SHAWANO, WIS. — A planned expansion of Shawano-based Wisconsin Film & Bag Inc. has been given the green light after a building permit denial was overturned, according to a Feb. 14 news release.
The Shawano Board of Appeals is permitting the polyethylene bag and film maker to go forward with a facility expansion of 11,000 square feet. The project was stalled by a city code requiring structures to be at least 25 feet from the side lot lines.
Wisconsin Film & Bag will be within 10 feet of an eastern boundary, but the adjacent property is 40 feet from the property line, allowing enough room for emergency vehicles. A city inspector who was concerned about the possibility of other properties expanding in the future originally had denied the permit. The board's vote to overturn the decision was unanimous.
The firm will gain 24-28 employees in the expansion, bringing its total workforce to more than 150. It also will add five extruders.
President Jim Feeney said the expansion has been in the works for two years. The firm decided to expand in Shawano in lieu of building a satellite location in another state. Plastics News estimates the film manufacturer's 2010 sales at $42 million.