New Plastic Packaging Facility in Indiana to Create Up to 90 Jobs
Construction begins later this year, said officials, and production is slated to begin sometime in the second half of 2012.
Based in Naperville, Phoenix Closures is a full-service manufacturing firm specializing in injection-molded closures for a wide variety of industries. Ancillary facilities are in Davenport, IA, and Newport, TN.
Ed Buck, vice president of manufacturing, said the plant is ideal as it meets the firm's specific manufacturing requirements, is located close to strategic markets, and has "potential for growth..The availability of a crane bay in the building and rail service made the building a viable option for redevelopment."
Phoenix Closures has been offered up to $800,000 in performance-based tax credits and $200,000 in training grants from the Indiana Economic Development Corp. Both incentives are tied to the company's ability to meet job-performance goals. In addition, it's been reported that the City of Greencastle may offer property-tax abatement at the request of the Greencastle/Putnam County Development Center.
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