MonoSol LLC expects to spend $72 million in Indiana as the maker of water soluble films continues what has now become a years-long growth trend.
The Merrillville, Ind.-based company has decided to move beyond its manufacturing footprint in northwest Indiana, but not too far, in construction of its latest manufacturing site for polyvinyl alcohol films.
The company has struck a deal to create a new 150,000-square-foot plant in Lebanon, Ind., according to CEO P. Scott Bening. Up to 89 new jobs will be created.
"We finally got to the point where business continues to grow and we are needing to go beyond the scope of just being in the region where we are in northwest Indiana. Many of our customers are located farther south of here. We just felt our best option for the company, after doing a site selection study in the United States, was to stay in the Midwest for many different reasons," he said.
"The state of Indiana has been great to us and the city of Lebanon was tremendous and it just all came together. It's just a great location for us," Bening said.