Primex Plastics Corp. has announced plans to expand its Richmond operations and create nearly 20 jobs. The company says it will invest $4.7 million for new equipment, software and an employee training program.
December 8, 2014
Richmond, Ind. — Primex Plastics Corporation, a subsidiary of ICC Industries, located at 1235 North F Street in Richmond will receive $70,000 in an Economic Development Income Tax (EDIT) Grant from the Economic Development Corporation (EDC) of Wayne County. The funds will be used to assist the company with a three-phase expansion project involving new equipment, a new enterprise resource planning (ERP) software system and the newly developed Human Capital Initiative, a company-wide training program. As a result of the project, Primex Plastics will create 19 new full-time jobs and invest $4.7 million.
The Human Capital Initiative will provide training throughout the company including supervisor training as well as quality control, Lean and inventory training, manufacturing cross-training, and professional skills enhancement. The company plans to promote 12 existing employees to become full-time trainers. To fill those vacancies, the company plans to hire 12 new full-time employees in 2015. EDC president, Valerie Shaffer says, “Primex Plastics is making a big commitment to employee training at all levels in their facility. We’re happy to partner with them to increase the skill level of their workforce.”
The new Bubble Guard machinery will allow the company to expand their product offerings. The new equipment extrudes a product that can also be printed. The new machinery will create at least 6 new full-time positions by 2015.
The new ERP software system will integrate and streamline many of the company’s core business operations to increase effectiveness. The new software system will create 1 full-time employee by 2016.
Darin Dubbs, Director of HR, Primex Plastics says “As an organization, we are committed to the continuous development of the skills set of all of our employees. We appreciate the support of EDC of Wayne County as well as the Wayne County Commissioners and local Government. We will be celebrating our 50th anniversary in 2015 and this partnership enhances our long term growth strategy.”
The request for EDIT funds will now go before the Wayne County Commissioners for their consideration.
About Primex Plastics Corporation
Primex Plastics Corporation started in 1965 with 3 machines and has since grown into a multi-faceted plastic extrustion operation with more than 100 extruders in facilities located across the United States. The company specializes in extruding several plastic materials including a Biogreen line specially designed for sustainable products. The Richmond, Indiana facility is company headquarters and is the largest facility encompassing 5 blocks. The John J. Farber Innovation and Technology Center was recently opened at the Richmond plant. Primex Plastics Corporation is a subsidiary of ICC Industries, a holding company operating businesses worldwide involving trading, distribution, marketing, and manufacturing primarily of chemicals, plastics and related products. More information about the company and its products can be found at www.primexplastics.com.
Source: Economic Development Corp. of Wayne County