A plastic coating company is investing more than $13 million to launch in southeast Indiana. Armor Plastics, which specializes in aftermarket ATV parts, plans to create up to 30 jobs over the next few years in Madison.
The company will move into a former Williamson Metal Works facility, which was acquired by the Armor Group in 1999 and has been vacant since closing in 2009. It expects to have the site fully operational by 2023. The company is a joint venture between Ohio businessman Tom Faris and Madison-based SuperATV.
Armor Plastics plans to begin hiring for customer service, operations, maintenance and shipping and receiving positions beginning this summer. ?The facility will house the company’s coatings operation designed to improve the strength and reliability in fiberglass and plastics used to make ATV parts.
The Indiana Economic Development Corp. offered Armored Plastics up to $2.8 million in conditional tax credits, mostly through the Industrial Recovery Tax Credit program, based on the job creations plans. The city of Madison will consider additional incentives.