New Plastics Manufacturer to Locate in Madison, IN
A new plastic-coating company specializing in after-market ATV parts will be locating in a formerly vacant industrial facility in Madison, Ind.
The new venture, a partnership between Madison-based SuperATV and an Ohio businessman, will bring an innovative plastic-coating/molding technology that improves the pliability, reliability and strength of fiberglass and plastics used to manufacture parts for all-terrain vehicles.
“This project will improve one of our main gateways into the city,” in accordance with the city’s Stellar Communities plan, said Mayor Damon Welch when the announcement was made.
The facility, formerly known as Williamson Metal Works and Armor Metals, is located at 1200 Clifty Drive, and will serve as Armor Plastic’s corporate headquarters. The company plans to begin hiring customer service, operations, maintenance, and shipping/receiving personnel in late summer 2019.
By 2023, the state-of-the-art facility will be fully operational and will provide as many as 50 new jobs.
The project was made possible, in part, through a $2.6 million incentive through Indiana’s Industrial Recovery Tax Credit program, also called the DINO program, which is intended to spark investor interest in large buildings that have been vacant for years.
Also supporting the project is the Jefferson County Industrial Development Corporation (JCIDC), working with the city of Madison.
“We are always looking for ways to help our local businesses and industries grow,” JCIDC Executive Director Matt Wirth said. “We are extremely grateful that the company chose to do this new process in the city of Madison. Our local economy is strong, but this investment is another vote of confidence in our quality of life, our workforce, and our future, overall.”
The venture includes an $11 million investment for the purchase and redevelopment of the 145,000-square-foot building and the surrounding 28.5-acre site.
“We’re so excited that Armor Plastics is choosing to fuel its growth in Southeast Indiana,” said Elaine Bedel, president of the Indiana Economic Development Corporation, which works to promote regional development throughout the state. Armor Plastics is “redeveloping a once-thriving industrial site, enhancing the quality of place in Madison, and creating good jobs for Hoosiers in the community.”
For more information, contact JCIDC Executive Director Matt Wirth at (812) 265-4709 or Phyllis McLaughlin at email@example.com.