Atlanta-based Altium Packaging is planning to expand its operations in Marshall County. The company says it will invest more than $3 million in new equipment at its Argos facility and create 10 jobs.
The Marshall County Economic Development Corp. says the project will also retain the existing 48 jobs at the facility. Altium manufactures plastic bottles at the facility for the dairy, water, beverage, and healthcare markets, among others.
“Marshall County Economic Development Corp. was proud to support and assist Altium Packaging with this tax abatement especially during this COVID-19 pandemic, and with its effects on business, it is important to support business expansion,” said Jerry Chavez, president of the MCEDC. “This capital investment will result in over $300,000 being added to the local payroll. Tax abatement is a tool offered by the Town of Argos to encourage business investment in the business and is consistent with other support offered that the Town of Argos continues to nurture.”
The Argos Town Council has approved a personal property tax abatement for the expansion. The Indiana Economic Development Corp. is also assisting Altium in a request for state incentives to aid in its expansion.
Altium has facilities in over 60 locations throughout the United States and Canada.