Italy-Based Sirmax North America To Establish North American Production Center In Anderson, Indiana
The company will invest $25.6 million into its new Anderson operations, building a 140,000 square-foot facility on a 26.3 acre portion of the former General Motors property, which is owned and marketed by RACER Trust. The investment will also go toward installing equipment based on best practices developed at the company’s facilities around the world.
“I would like to thank Governor Mike Pence and the state of Indiana, the city of Anderson and the IEDC for the warm welcome and the high professionalism that they always showed in this process,” said Massimo Pavin, CEO of Sirmax. “This is what made the difference in our location choice for our first Untied States production plant in Indiana, in the heart of the automotive sector. My wish, that I would like to share with the Sales Director of Sirmax North America Lorenzo Ferro, is that this is only the first of many steps to increase the productive capacity of the Anderson plant.”
Founded in 1964 under the name SIRTE, Sirmax produces and supplies plastic compounds and resins used in the automotive, home appliance, electrical and furniture industries. As the second largest independent polypropylene compounder in Europe, the company’s products include polypropylene compounds used in automobile interiors, exteriors, under-the-hood as well as in household appliances including components for washing machines, dishwashers, dryers, refrigerators and freezers.
Expected to be operational by October 2015, the company’s first North American location will serve as a strategic logistical location for its automotive and appliance customers, which includes a U.S.-based client that signed a $20 million annual contract with Sirmax late last year. The company anticipates producing 20,000 tons of plastic compounds and resins a year in Anderson, with an annual turnover expected at $35 million.
The Indiana Economic Development Corporation offered the city of Anderson up to $600,000 in infrastructure assistance from the state's Industrial Development Grant Fund. In addition, the city of Anderson will consider additional property tax abatement.
“Sirmax is joining the ranks of leading automotive companies who have chosen to grow in Indiana out of a world of options,” said Governor Mike Pence. “Meeting today with leaders at Sirmax and with leaders from other international automotive companies at the North American International Auto Show, it’s clear why they keep choosing Indiana. Entering a new international market can be difficult, but with Indiana’s business climate built for their growth and a workforce that knows its way around building cars, Hoosiers help keep the world moving.”
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