PADNOS Plastics Solutions, a full-service recycling company, announced plans Tuesday to locate its first Indiana plastics facility in Fremont, creating up to 22 new jobs by 2016.
The Holland, Mich.-based company will buy, renovate and equip a 120,000- square-foot facility at 803 S. Reed St. in the Steuben County city. The expansion, which will be fully operational by early 2014, will allow the company to operate its plastics division closer to industrial and commercial customers, reducing freight expenses.
PADNOS, which currently employs more than 600, plans to begin hiring equipment operators and lab technicians later this month and to hire operation managers, material engineers and sales executives within a year.
Founded in 1905, PADNOS is a family-owned and operated business, managing scrap products for industrial and commercial accounts, including the automotive, furniture and medical industries. The company recycles paper, plastics, ferrous and non-ferrous metals, as well as e-scrap at its 20 locations. With a focus on sustainability, PADNOS operates the largest solar-paneled roof in Michigan, along with its own CNG fueling station.
The Indiana Economic Development Corporation offered PADNOS Plastics Solutions up to $75,000 in conditional tax credits and up to $40,000 in training grants based on the company's job creation plans. The town of Fremont approved additional incentives at the request of the Steuben County Economic Development Corp.
Earlier this year, Koester Metals announced plans to move its headquarters from Defiance, Ohio to Fremont, creating 44 jobs. The manufacturer of sheet metal fabrications and enclosures will invest $2.7 million into its Steuben County operations, relocating fabricating equipment and updating the facility's software and technology.