IN: 20/20 Custom Molded Plastics to Invest $22M for 155-New-Job Facility
1 Sep, 2017
20/20 Custom Molded Plastics, a custom structural form molding manufacturer, announced plans to locate a new facility in Bluffton. The company will move into the former home of Buckhorn Inc. and plans to hire many of its workers, ultimately creating up to 155 jobs by 2020.
“If you’re looking for someone to build top-quality manufactured goods, Hoosiers are the ones for the job,” Governor Eric J. Holcomb said. “With more and more companies like 20/20 Custom Molded Plastics choosing Indiana, our state is charting the future for high-tech, advanced manufacturing. We’re excited for 20/20 Custom Molded Plastics’ plans in Bluffton and look forward to watching the company grow in Indiana.”
The Holiday City, Ohio-based company will invest more than $27 million to purchase and equip Buckhorn’s former 170,000-square-foot facility at 785 Decker Drive in Bluffton. The facility transitioned into a new operation for 20/20 Custom Molded Plastics today following Buckhorn’s completion of its consolidation to another location at the end of August.
20/20 Custom Molded Plastics currently employs more than 220 people at its Ohio facility, and is in the process of doubling its production capacity with this new facility. The company has already hired many of the former Buckhorn employees in Bluffton, and is currently hiring press operators, forklift drivers, molding supervisors, setup specialists and maintenance professionals. Interested applicants may apply online through the company’s website.
“20/20 started molding structural foam parts for customers in 2000 and has increased its customer base and molding capabilities on a consistent basis year after year,” said David Rupp, owner at 20/20 Custom Molded Plastics. “We are excited about expanding our manufacturing operations to the Bluffton community and look forward to growing our business with the help of community and business leaders and an outstanding workforce.”
Founded in 2000, 20/20 Custom Molded Plastics manufactures structural foam products, which are lighter than traditional materials while still maintaining structural integrity. Using the injection molding process, the company produces products such as pallets, carts, in-ground enclosures, pool panels, floating dock systems, burial vaults and window wells for companies in the logistics, home and garden, consumer products, construction and leisure industries.
The Indiana Economic Development Corporation offered 2020 Custom Molded Plastics LLC up to $810,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Bluffton will consider additional incentives at the request of the Wells County Economic Development Corporation.
“We are thrilled to welcome 20/20 Custom Molded Plastics to our community as it provides good jobs to our citizens," said Bluffton Mayor Ted Ellis. "It is another good example of how the state and our community work together to make life better here.”
As companies like 20/20 Custom Molded Plastics pick Indiana for their new operations, Indiana is taking the state’s workforce development to the next level with a focus on the high-priority industries and high-demand jobs driving Indiana’s 21st century economy forward, such as advanced manufacturing. Next Level Jobs – which provides grants to employers and skill-seeking Hoosiers – is working to build Indiana’s workforce to help fill more than 1 million job openings expected to be created by 2025.
About 20/20 Custom Molded Plastics
At 20/20 Custom Molded Plastics, our mission is to exceed our customer’s expectations. We consistently do this by assisting with part and mold design and by working with some of the best toolmakers in the industry. We can help you avoid design and production problems because of the expertise that we have developed in the custom structural foam molding industry. For more information, visit www.2020cmp.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 J. 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.