IN: Tian Yuan to Locate in Washington County, Create 35 Jobs
10 May, 2018
Tian Yuan, a producer of plastic resin materials, announced plans to establish a new manufacturing facility in Washington County, creating up to 35 new jobs by 2021.
"Companies like Tian Yuan continue to find Indiana's strong business climate, skilled workforce and vibrant communities as an equation for success," said Indiana Secretary of Commerce Jim Schellinger. "We look forward to witnessing the good jobs Tian Yuan creates for Hoosiers in southern Indiana. We'll do our part by continuing to promote Indiana as a destination for business, near and far, to attract the jobs of today and tomorrow."
The company, which was recently established as a joint venture with Shaw Brothers Co. Inc., will invest $2.3 million to lease and equip a 27,500-square-foot manufacturing facility at 410 S. High St. in Salem. The new facility, which will begin production this month, will complement the Shaw Brothers’ production capabilities by producing plastic resin used for the extrusion process, mixing raw plastic materials. The joint venture was formed to help meet growing demand from domestic and international customers as Shaw Brothers enters new markets.
Tian Yuan has already started to hire for sorting staff, production workers, material handlers and other operation professionals. Interested applicants may apply by email.
"Tian Yuan and Shaw Brothers are very pleased to be making this investment in Salem," said Denise Hsiao, general manager for Shaw Brothers. "We look forward to growing our business and continuing to be a strong corporate citizen. We appreciate the assistance of the state of Indiana and the city of Salem for their willingness to work with us as well as providing a very warm welcome."
Shaw Brothers, an industry broker of plastic scrap and resins, established the new company, Tian Yuan, as a joint venture and to serve as a complement to its recycling division. Founded in 1985, Shaw Brothers buys and sells plastic materials through a network of domestic and international customers.
“The city of Salem is very pleased and appreciative of the jobs and investment that Tian Yuan brings to Salem,” said Salem Mayor Troy Merry. “We are looking forward to a long, positive working relationship. We are also appreciative of the efforts of the IEDC, our local economic development partners and the Salem City Council for their cooperative work to make this project possible. This project is one more tangible sign that our economic development efforts are paying off and Salem is continuing to grow.”
The IEDC offered Tian Yuan up to $140,000 in conditional tax credits and up to $20,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. The city of Salem will offer additional incentives at the request of the Washington County Economic Growth Partnership.
As companies like Tian Yuan continue to establish operations in the Hoosier state, Indiana is taking the state’s workforce development to the next level with a focus on the key 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 Tian Yuan
Tian Yuan was launched as a joint venture, partnering with Shaw Brothers Inc., a provider of plastic scrap and resins. Tian Yuan will complement the Shaw Brothers’ current capabilities by producing plastic resin for the extrusion process.
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.