Global Polymer Industries, Inc., a firm specializing in the manufacture of ultra high molecular weight polyethylene, plans to move its manufacturing plant to a 60,000 square foot facility in Madison, South Dakota's Lakeview Industrial Park, with plans to add 50 employees to its workforce of 125 people.
"We are very excited about moving to Madison," co-owner Todd Huntimer said. "Our business has been growing steadily since its foundation and Madison will provide all the amenities we need as we continue to grow."
Global Polymer expanded its production capacity to include three of the world's largest agriculture implement equipment manufacturers, the largest water treatment equipment manufacturer in the Americas, the western hemisphere's largest truck and trailer suspension manufacturer, every major railroad and rail car manufacturer in North and Central America and several material handling equipment manufacturers.
"Global Polymer is a strong, well-established company that comes with a solid reputation and immediate plans for adding jobs," according to Lake Area Improvement Corporation Executive Director Julie Gross. "The LAIC board and I are ecstatic we could help put all the pieces in place in order for Global Polymer to make the transition to Madison."
While details on incentives offered the firm were not immediately available, Gross said, "Teamwork between the LAIC board, city and county officials as well as Heartland Consumers Power District is what made this become a reality. I can't thank them enough for their assistance throughout this process. We worked together to show Todd and Dan how relocating to Madison would be a positive move for them. They are excellent business owners and we couldn't be more pleased with their decision."
Heartland Consumers Power District provides wholesale power to the city of Madison. Russell Olson, Heartland's manager of community and economic development, said "Our economic development programs are vital to many of the communities we serve and we are thrilled to be able to help the community of Madison."
"We are grateful to Heartland for their programs and assistance and to everyone in Madison for helping us throughout this process," the firm's co-owner Dan Palli said. "We look forward to continuing that strong working relationship once our transition is complete and to the opportunities being located in Madison will afford our company."