Incoa Performance Minerals, a startup manufacturing and processing facility, plans to invest $110.85 million in its production center and create 74 jobs over the next five years at Millard Maritime, a privately owned and operated port facility located near Mobile in Theodore, Alabama.
Incoa Performance Minerals specializes in manufacturing and processing minerals that go into the products such as; paper, plastic, paints, glass, film wrappers and more.
“The value proposition is its central location on the Gulf Coast with good rail, barge and relative distance from a major interstate,” said Tyson Creamer, Incoa’s COO.
“Mobile and the Gulf region continue to experience strong growth in logistics and transportation,” said Brad Hall, president of Millard Maritime. “Our partnership with Incoa is another important step in expanding that growth.
According to port officials, backed by private equity firm Peterson Partners of Salt Lake City, Utah, Incoa decided on the location in 2019, and recently received funds to begin construction and development for their facility at Millard Maritime.
“It’s great when we can connect an economic development project to an existing company with logistical assets in place like Millard Maritime,” said Shelby Glover Zaricor, the Chamber’s director of business development. “Millard’s infrastructure and involvement were key.”
Millard Maritime is a 300-acre multi-use port with access to deep water, rail, barge, and close proximity to the interstate system. The port features a large marine terminal, a 1,600-foot wharf, and bulk, liquid and break-bulk loading/unloading with easy rail, interstate and barge access.