Plastics manufacturing and packaging company Crawford Industries is all set to invest $5.2m in a bid to expand its operations in Montgomery County, Indiana, US.
As part of its investment, the US-based company will equip and add 45,000ft² to its existing 100,000ft² facility.
Slated for completion by October 2013, the expansion will also include the overhaul of current office space and new equipment installation.
Indiana Economic Development (IEDC) president Eric Doden said one of the key drivers of the economy is the state's robust manufacturing sector.
"Crawford Industries is a long-time Indiana citizen and we will work hard to create a low-cost, competitive environment where it can continue to grow and create new jobs for Hoosiers," Doden said.
Crawford expects the investments in Indiana would enable the company to broaden its capabilities to reach new as well as different markets.
The company received up to $90,000 in conditional tax credits from IEDC, based on its proposed plans to create more jobs in the region.
Upon request by the Montgomery County Economic Development, the city of Crawfordsville also approved additional tax abatement for the company.
Crawford manufactures high-density polyethylene and polypropylene sheet to convert into a range of plastic products such as binders, envelopes, folders and tote boxes.
With an additional facility in Georgia, the company also provides design engineering and customised package design for its clients throughout North America.
Image: Indiana Economic Development Corporation (IEDC) president Eric Doden. Photo: Courtesy of Indiana Economic Development Corporation.