US Farathane creating 228 jobs in Texas
AUBURN HILLS, MICH. — US Farathane Corp. has begun hiring for its newest plant, in Austin, Texas.
Production is slated to begin this year, and the company is set to bring 228 jobs to Austin by the end of 2014, according to documents filed with the city. The facility will injection mold auto parts for USF's customers in the region.
Officials for Auburn Hills-based USF were not immediately available for comment, but the company and city officials in Austin first discussed plans for the facility in late 2011, with the city providing $212,000 in tax incentives to help finance the project.
The Austin site is only the second outside Michigan for USF, which also has a plant in Jackson, Tenn.
Berry boosting production at Ind. plant
EVANSVILLE, IND. — Berry Plastics Corp. will spend $4.4 million to expand production at its Richmond, Ind., injection molding plant.
The company will purchase additional equipment and add 10 jobs at the facility, according to a news release from the Economic Development Corp. of Wayne County in Indiana.
Berry received a $71,850 economic development grant from the county to help finance the expansion. The grant, which is funded by income tax, will be used to offset the cost of new equipment and required workforce training.
“Berry has been in Richmond for a really long time, so to help them expand is a good thing for the community,” Renee Doty, manager of community affairs for the EDC, said in a May 9 phone interview.
The grant requires final approval from the Wayne County Board of Commissioners.
The Richmond plant manufactures food-grade packaging and does container printing. It has about 240 employees, Doty said.
Berry officials would not comment on the expansion.
Berry, based in Evansville, has 88 U.S. plants and operates in 13 locations internationally. One of North America's packaging giants, the company posted sales of $4.65 billion in 2011.
In March, Berry filed plans for an initial public offering.
Field Ventures buys Primary Packaging
BOLIVAR, OHIO — Primary Packaging Inc., a manufacturer and designer of heavy-duty polyethylene films and bags, has been purchased by an affiliate of Field Ventures LLC.
The deal was announced May 7. No purchase price was disclosed.
Primary Packaging, based in Bolivar, is a portfolio company of private equity firms MCM Capital Partners of Cleveland and DN Partners of Chicago.
According to Primary Packaging's website, the company specializes in short-notice, custom packaging for consumer, non-cyclical, industrial, insulation, lawn and garden, and animal products markets.
Field Ventures is a private investment firm based in Northbrook, Ill. It is owned by Larry Field, former owner of paperboard packaging manufacturer Field Container Co. Field Container was purchased by Altivity Packaging LLC in 2006.
Primary Packaging was advised by Chicago-based financial services firm Mesirow Financial Inc.
4 Westlake workers treated after leak
HOUSTON — Four workers were treated and released from a local hospital May 9 after a chemical release at Westlake Chemical Corp.'s PVC and feedstocks plant in Geismar, La.
Officials with Houston-based Westlake confirmed the event via email, describing it as “a minor chemical release” that was contained quickly within the unit that makes PVC feedstock vinyl chloride monomer. The workers were able to return to work that same day.
Westlake said a power failure caused the leak.
The incident occurred on the same day that Houston-based Westlake restarted the VCM unit. That unit had been closed since late March because of damage from a fire.
Westlake now is working to bring the VCM unit back on line, officials said. All other units at the plant, including PVC, are operating.