Wayne County Company Growing
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowVandor Corp. Inc. in Richmond has announced plans to expand its plastics and funeral products divisions. The company says it will invest nearly $5 million into the project, which is expected to create 30 jobs.
June 2, 2014
News Release
Richmond, Ind. — Vandor Corporation, Inc. is investing $4.9 million in expansion projects in both their Plastics and Funeral Products Divisions. The company recently moved their Funeral Products Division into the former Cinram facility located at 1620 Rich Road. The Plastics Division remains at their initial location at 4251 West Industries Road in the Midwest Industrial Park. By relocating the Funeral Products operation, both locations have room to expand their product lines. Between the two projects, the company plans to create 30 new jobs. Valerie Shaffer, president of the Economic Development Corporation (EDC) of Wayne County, Indiana says Vandor Corporation has been an excellent economic development partner.
“It has been exciting to witness the growth that has occurred at Vandor over the years. I look forward to working with them on many more projects in the future.”
To assist in the expansions, the company will receive an Economic Development Income Tax (EDIT) Grant from the EDC of Wayne County in the amount of $56,000. The grant will be used to purchase new manufacturing and IT equipment, as well as provide training for new and existing employees.
Gerald Davis, president of Vandor Corporation says, “We appreciate the work of EDC and others who support companies such as Vandor. Over the next few years we hope to build even more opportunities for Wayne County.”
The Plastics Division produces reels for the wire and cable industry and specialized automotive plastic components where the expansion project will add a new product line. The Funeral Products Division supplies casket interior components to casket manufacturers nationwide under the Starmark brand where the other new product line will be added.
About Vandor – Established in 1972, Vandor Corporation began production of precision die cut casket interior components. Since then Vandor has added numerous patented products that are sold in North America to other non-funeral related industries. Most recently, Vandor has more than doubled production space and added focus by expanding into two divisions, the Plastics Division (located at 4251 W. Industries Road) and the Funeral Products Division (located at 1620 Rich Road) which consists of the Starmark Brand, a leading supplier of cremation products, as well as Vision Casket branded caskets.
Since January of 2009, the EDC of Wayne County through its EDIT fund has assisted 35 businesses in their commitment to the retention and creation of over 1,400 jobs. These projects have resulted in over $206 million in new, private investment in Wayne County. The county’s consolidated EDIT fund comes from funding provided by partnering towns in Wayne County who have agreed to provide half of their EDIT proceeds yearly for county-wide economic development. Partners in county-wide economic development currently include the towns of Cambridge City, Centerville, Economy, Hagerstown, Mt. Auburn, Richmond and Wayne County.
Source: Economic Development Corp. of Wayne County
