FOR IMMEDIATE RELEASE
Precision Plastics to expand in Columbia City and add 32 new jobs
COLUMBIA CITY, Ind. (June 27, 2017) – Local manufacturing business, Precision Plastics, Inc., recently announced plans to expand its facility, adding new equipment and 32 new jobs.
Precision Plastics, located at 900 W. Connexion Way in Columbia City, started in 1955 with just two employees and two injection molding presses. Now, the company operates in an 87,000-square-foot facility, has more than 185 employees, and is one of the top 10 largest employers in Whitley County.
Precision Plastics provides high-quality, and highly engineered molded components for an array of industries including: automotive with products ranging from airbag safety components to interior cosmetic covers; industrial products such as agricultural and pump components; aerospace and defense products, and consumer products such as caps and shipping cases. Precision Plastics provides customers with a full-service approach through its thorough engineering, quality assurance and manufacturing services. The company prides itself on its lean manufacturing, 99% on-time delivery, quality and cost.
“Precision Plastics is a great example of one of our home-grown businesses that works daily to bring good-paying manufacturing jobs back to Northeast Indiana,” said Whitley County Economic Development (EDC) President Jon Myers, “As an employee-owned business, Precision Plastics’ employees demonstrate every day that they can compete and win in the global marketplace.”
The company will add new equipment including several injection molding machines, and will also build an 11,900-square-foot warehouse for additional space.
“We are excited to be expanding again in Indiana.” said Precision Plastics, Inc. Executive Vice President Ryan B. Richey, “The combination of an amazing work force and progressive state policies that encourage growth made this expansion decision simple.”
The City of Columbia City approved a ten-year tax abatement in support of the project, at the request of the Whitley County EDC. The Indiana Economic Development Corporation is offering up to $150,000 in conditional training grants from the Skills Enhancement Fund, and Northeast Indiana Works will assist with on-the-job training scholarships, computer and core competency training, and customized recruitment and employment services.
“As a state, Indiana has worked diligently to create a pro-growth business climate, allowing companies to grow with confidence,” said Elaine Bedel, president of the Indiana Economic Development Corporation. “The manufacturing industry has deep roots in Indiana and continues to thrive today, employing roughly one in five Hoosiers. Every day, businesses like Precision Plastics are providing quality jobs while making products that power the world around us.”
“We are proud to support the growth occurring at Precision Plastics,” said Columbia City Mayor Ryan Daniel, “They are a forward-thinking company that embodies the economic development that is occurring in our growing community.”
About Precision Plastics, Inc.
Precision Plastics, Inc. was founded in 1955 in Columbia City. For more than 60 years, the company has provided high-quality, durable injection molded products, used in aerospace, automotive, military, medical/scientific, office furniture, industrial, communications and consumer electronics applications. For more information about Precision Plastics visit www.pplastic.com.
About Whitley County EDC
The Whitley County Economic Development Corporation (EDC) is the lead economic development agency in Whitley County, Indiana. The EDC works closely with local, regional, and state partners to support our industry clients’ growth and success. Our mission is to lead a comprehensive economic development program that retains and expands employment opportunities for local residents and attracts business investment to Whitley County. The Whitley County EDC was established in 1992 and represents Whitley County, Columbia City, and the Towns of Churubusco, Larwill, and South Whitley. For more information about the EDC, visit: www.whitleyedc.com.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.
Ryan Richey (Precision Plastics) – 260.248.5211 email@example.com
Katie Dewitt (Whitley County EDC) – 260.244.5506 firstname.lastname@example.org