EFP Corporation Locates Operations Center in Evansville, Indiana
06/06/2019
The company will invest more than $2.1 million to lease a 100,000-square-foot shell building located in the Vanderburgh Industrial Park. In addition, EFP plans to invest nearly $4.5 million in production equipment to design, mold and fabricate expanded foam products serving the consumer protective packaging, thermal temperature assurance, recreational vehicles, building and construction markets. The company plans to be operational in the new facility by November 2019.
“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,” said EFP Corporation President Keith Arenz. “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. We’re excited to begin operations in Vanderburgh County.”
The IEDC offered EFP Corporation up to $125,000 in conditional tax credits based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, The Vanderburgh County Council will consider additional incentives recommended by the Growth Alliance for Greater Evansville.
"We're excited EFP has selected Vanderburgh County for its fourth manufacturing facility," said Elaine Bedel, President of the Indiana Economic Development Corporation (IEDC). "EFP's commitment to add an additional Indiana manufacturing operation is a testament to the pro-growth business climate that we work hard to provide every day. Indiana leads the nation in manufacturing because of companies like EFP, and we can't wait to watch its continued success in our state."
Founded in 1954, EFP operates as a subsidiary of J.B. Poindexter & Co., which is a privately held, diversified manufacturing company with operating subsidiaries throughout North America.
In addition to the company’s headquarters operation in Elkhart, EFP has a location in Decatur, Indiana as well as facilities in Alabama, and Tennessee. With the addition of this new facility in Evansville, EFP serves customers in mid-America, from Canada to the Gulf of Mexico.
"EFP Corporation’s decision to locate and invest in Vanderburgh County after thoroughly investigating other locations is a strong show of confidence in our community and specialized local workforce," said Ben Shoulders, President of the Vanderburgh County Commission. "We thank EFP for choosing Vanderburgh County as the best site for the company’s future growth and prosperity.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024