Thermoplastics Manufacturer and Supplier Expands in Vanderburgh County
VANDERBURGH COUNTY, Ind. (February 22, 2016) –DSM Engineering Plastics, a global supplier of high-performance engineering thermoplastic solutions, announced plans today to expand operations in Vanderburgh County, adding 34 new jobs over the next 2 years.
“The Vanderburgh County Board of Commissioners is pleased with DSM Engineering Plastics’ decision to expand operation in Vanderburgh County. Southwestern Indiana has a long history in the plastics industry and we look forward to the company’s continued growth and success,” stated Bruce Ungethiem, President of the Vanderburgh County Commissioners.
The Netherlands-based, multinational, life sciences and materials sciences company will invest in infrastructure and new equipment upgrades to support future growth at its existing 175,000 square-foot facility at 2267 W Mill Road.
“DSM has been a solid manufacturing partner in Evansville for many years,” commented Randy McGowan, vp president of operations DSM Engineering Plastics Americas. “We are excited to be adding these jobs to our local economy as we work toward providing more efficient and reliable production for our customers.”
Currently employing 160 team members in Evansville, DSM will expand their workforce from 24/5 operation to 24/7 operations, retaining an estimated 143 jobs and adding 34 new jobs over the next 2 years. These jobs will have an average wage of approximately $29.00/hour plus benefits. Interested applicants may apply on the company’s website.
“Due to the abundant expertise in custom thermoplastics available in Evansville, we have successfully grown our manufacturing operations in this area over the past 25 years,” said Richard Pieters, president of DSM Engineering Plastics Americas. This has allowed us to expand our operations quickly and to respond to changes in the marketplace.”
With the addition of new jobs and investment in Vanderburgh County, the Growth Alliance for Greater Evansville recommends an incentive package that includes 10 year Tax-Phase In on the real-estate improvements they intend to make. The Growth Alliance also suggests Tax Phase-In for personal property that is new to the State of Indiana and purchased within the first 5 years.
The Indiana Economic Development Corporation offered DSM Engineering Plastics, Inc. up to $200,000 in conditional tax credits based on the company’s investment plans. These incentives are performance-based.
The positive economic impact generated from this project for Vanderburgh County totals in excess of $640 million over the next 10 years, or in excess of $64 million per year.
Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in life sciences and materials sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com.
About the Growth Alliance
The Growth Alliance for Greater Evansville provides comprehensive support to new and existing businesses to enhance the economic vitality of the City of Evansville and Vanderburgh County, Indiana. The Growth Alliance’s business retention and expansion program focuses on incentives and services for Evansville/Vanderburgh County established businesses with a goal of encouraging continual growth, cost effective business practices and improved productivity.
The Growth Alliance is a certified 501(c)3, nonprofit. As a public-private nonprofit, we rely on financial underwriting and sponsorships from our business and government stakeholders to fund the vital services we provide to new and existing business.
Paula Wolfe (DSM) – 812.435.7539 or firstname.lastname@example.org
Abby Elpers (Growth Alliance) – 812.401.4243 or email@example.com