EFP Corp. is adding a second expanded foam protective packaging manufacturing site in Indiana, bringing its overall operations to four locations.
The Elkhart, Ind.-based company expects to spend a combined $6.6 million to set to set up shop in a 100,000-square-foot shell building in the Vanderburgh Industrial Park in Evansville.
That includes $2.1 million to lease the facility and $4.5 million for equipment to design, mold and fabricate expanded foam products, according to the Indiana Economic Development Authority.
"EFP chose Vanderburgh County as a central location to serve customers accessed by the I-69 and I-64 corridor and within four or five hours of Evansville," President Keith Arenz said in a statement. "This convenient location will enable us to expand our customer reach and be in closer proximity to our southern Indiana, Illinois, Tennessee and Kentucky customers."
Along with Elkhart, the company also has manufacturing sites in La Vergne, Tenn., and Decatur, Ala.
EFP expects the new facility will create up to 29 new jobs by the end of 2021.
Along with protective packaging, the company's products also are used for the thermal control, recreational vehicle, building and construction markets.
The state offered up to $125,000 conditional tax credits to help attract EFP to Evansville. The company will have to earn those credits through hiring new employees. Vanderburgh County Council also is considering incentives, the state said.
EFP expects production to begin by November.
Founded in 1954, the company is a subsidiary of J.B. Poindexter & Co., a privately held, diversified manufacturing company.
EFP uses a variety of materials to make their products, including expanded polystyrene, extruded polystyrene, expanded polypropylene, expanded polyethylene and engineered copolymer blends.
The company also offers EPS recycling services through consumer drop-off and industrial collection programs.