20/20 Custom Molded Plastics Expands Bluffton, Indiana, Operations
The company will invest $12.8 million to renovate and equip a 325,000-square-foot manufacturing facility at 785 Decker Drive. Today's announcement comes four years after 20/20 announced plans to establish new operations in Bluffton, investing more than $27 million and creating up to 155 jobs by the end of 2020.
"These changes will undoubtedly bring new opportunities for our customers in terms of their own needs, product development and manufacturing flexibility," said 20/20 Executive Vice President Chad Adams. "We highly anticipate watching our teams at both locations grow. Our employees are a huge part of 20/20’s success, and we are forever in debt to them.”
The Indiana Economic Development Corporation (IEDC) offered 20/20 Custom Molded Plastics LLC up to $625,000 in conditional tax credits based on the company’s job creation plans. The IEDC also offered up to $200,000 from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made. The city of Bluffton will consider additional incentives.
"Indiana's advanced manufacturing workforce will continue to be a key asset for this growing company," said Governor Eric J. Holcomb. “Their commitment to Indiana is a testament to our business-friendly environment, and we look forward to supporting them as they grow their manufacturing operations and create more quality career opportunities for Hoosiers.”
Founded in 2000, 20/20 Custom Molded Plastics manufactures structural foam products, which are lighter than traditional materials while still maintaining structural integrity. Using the injection molding process, the company produces products such as pallets, carts, in-ground enclosures, pool panels, floating dock systems, burial vaults and window wells for companies in the logistics, home and garden, consumer products, construction and leisure industries.
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