Water-soluble films manufacturer Monosol has announced plans to invest $39m in a bid to expand its operations in LaPorte, Indiana, US.
The company also plans to build a third building at 50,000ft² in the Thomas Rose Industrial Park, with an estimated real property improvement cost of $5m, which is a part of the ten-year tax abatement.
Monosol vice president of human resources Rob McGreal said the company selected LaPorte because of its existing infrastructure and support from the community.
”It’s a niche market but one we’re proud to participate in and lead the world in doing,” McGreal said.
In 2012, the company added a 70,000ft² facility to its LaPorte operations, and in 2010, it invested $18m to expand a site that now contains more than 200,000ft² of building space.
Construction is expected to commence in 2013 with completion scheduled for 2014.
In May 2012, Monosol was acquired by Japanese manafacturer Kuraray, which manufactures water-soluble polyvinyl alcohol (PVA) films.
The company makes water-soluble films for use in areas like medical waste disposal and packaging for pesticides. The plastic cubes used to hold automatic dishwasher soap are among the water-soluble film products it makes.
Monosol has other manufacturing operations in Portage and England, and also corporate offices in Merrillville.
In its La Porte operations, the company employs 136 people and has 345 employees in total.