Axium Plastics LLC is spending $25 million on a new location in Missouri.
The plastic container, caps and closures maker said the site in Jefferson City will become the company's fifth manufacturing facility.
The company also has locations in New Albany, Ohio; Lawrenceville, Ga.; Ontario, Calif., and Mississauga, Ontario.
Axiom is using an existing 50,000-square-foot building constructed by the Jefferson City Area Chamber of Commerce as a basis for the project. The firm will construct a 75,000-square-foot addition to create a 125,000-square-foot manufacturing site.
The chamber constructed the speculative building in Partnership Business Park with the hopes of attracting a new employer.
The company expects to spend $25 million to create the new manufacturing location, which will create at least 70 new jobs, Axium Chief Operating Officer Tammy Hoffman said in a statement.
"The benefits associated with this location made Jefferson City the best option for our manufacturing facility," she said in the statement.
Axium, the chamber said, "evaluated several communities including St. Louis, Kansas City and Chicago before selecting Jefferson City."
Jefferson City has asked the chamber to negotiate a tax abatement for the company on both real and personal property.
Calculations indicate the project will have what the chamber calls "a net return to the city, county and Jefferson City School District of $1.9 million over the next 10 years. The calculation assumes a total of $1.1 million of abatements over the 10 year period."
Cole County Commissioner Sam Bushman called Axium "a great addition to our existing employer base," in a statement.