COLUMBIA CITY, Ind. (WANE) Precision Plastics, Inc., a custom plastic injection molder, announced plans Tuesday to expand operations and create up to 15 new jobs by 2017.
The company will invest $265,000 to build a 12,000 square-foot warehouse adjacent to its current 75,000 square-foot plastics facility. It’s expected to be complete by June.
Precision Plastics currently employs approximately 120 people and plans to begin hiring for manufacturing positions in August. Interested applicants may apply at Peoplelink Staffing Solutions in Columbia City.
“Indiana provides an ideal business climate,” said Ron Richey, president and chief executive officer of Precision Plastics. “We are very excited to continue our expansion in the state of Indiana. Our analysis shows that Indiana has a cost advantage over surrounding Midwestern states in our industry. As a right-to-work state, our community provides a world-class workforce that is educated and motivated. Also, most of our global customers like our central location and our easy access to international markets.”
Founded in 1955, Precision Plastics produces high quality durable injection molded product, primarily serving the automotive, defense and industrial markets.
The Indiana Economic Development Corporation offered Precision Plastics, Inc. up to $65,000 in training grants 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. The city of Columbia City will consider additional tax abatement at the request of the Whitley County EDC.
“On behalf of Columbia City, we are pleased to support Precision Plastics expanding the company’s capabilities to include food grade production,” said Columbia City Mayor Ryan Daniel. “This project demonstrates that our partnership efforts encouraging local expansions and business attractions continue to bring economic success stories to our community.”