Canadian plastics extrusion company MSW Plastics Inc. is considering whether to set up a U.S. operation in Vandalia, Ohio.
MSW, based in Palmerston, Ontario, extrudes PVC into proprietary technical profiles such as wall and ceiling panels, including panels with a corrugated interior, for industrial, commercial, agricultural and residential markets. It also does custom extrusion.
Ohio's Montgomery County Commission approved funds Dec. 18 worth $320,000 toward a $11 million investment MSW might make to set up North American headquarters in Vandalia, said Montgomery County Commissioner Dan Foley in a phone interview. The funds would come from an Economic Development/Government Equity pool also available for other company expansions in the county. MSW could create 35 new jobs through its investment.
MSW is considering whether to purchase and renovate a 61,000-square-foot building in Vandalia. The building formerly was another plastics operation according to Eric Collins, economic development director for the county, in a phone interview.
"It has robust infrastructure for power and rail," Collins said by phone.
Vandalia has good highway access, being near Interstate highways 75 and 70.
Foley said plastics is one of the county's target industries.
"We have clusters of plastics companies in the Dayton [Ohio] area," Foley told Plastics News.
MSW officials declined to provide more details of its proposal. A company executive said in an email that the Vandalia plan is not finalized.
MSW's growth has garnered it a place on Canada's Profit 500 list. The 2017 award is based on MSW's five-year sales growth of 865 percent. The Profit 500 list was published by CanadianBusiness.com and Maclean's magazine this past autumn.
It had an estimated $7 million in annual sales, according to Plastics News ranking data.