New Equipment Expands Product Line for Company and Adds 10 New Jobs
June 9, 2010
With the purchase of new equipment Transilwrap Company, Incorporated, located in Richmond, Indiana will expand their product line and add 10 new jobs over the next year making a $2.5 million investment. The EDC of Wayne County is providing an EDIT grant of $45,000 to assist with the purchase of new equipment and/or for training of new employees. The request for EDIT funds will now go before the Wayne County Commissioners for their consideration. According to Ken Paust, President of the Wayne County Commissioners, “Wayne County wins again with another great expansion project. Transilwrap has been here for a long time and I’m glad they’re expanding here.”
From restaurant menus and book publishing lamination films, to in-store retail displays, nursery tag and label products, to sport board materials like snow boards, Transilwrap’s Richmond facility manufactures laminates and extrusion coatings for a diverse number of products on a global scale. Products are used by the medical, dental, banking, retail and security industries among others, and the company specializes in holograms, transferable or ultraviolet ink receptive and lamination films. The company also has a green line of products that are biodegradable. In addition to green products, the Richmond facility recycles or sells as much scrap as possible, sending less than 1% of plastic waste generated to the landfill. Richmond Mayor Sally Hutton says, “The City of Richmond congratulates Transilwrap on their expansion plans and we are thrilled that they have chosen our community for the expansion project. We’re fortunate to have this great company in our community and look forward to working with them for many years to come.”
The Richmond facility is the largest out of 9 other locations in the United States and Canada, with headquarters in Franklin Park, Illinois. U. S. Director of Operations, Keith Badgley says the location in Richmond is excellent for Transilwrap. “We have great access to major highways which puts us in close proximity to three major cities, our access to rail is important for receiving supplies, we have a quality workforce that is great to work with and finally, access to local government officials and economic development representatives is easy and immediate. Kevin Ahaus, chairman of the EDC of Wayne County Board of Directors says “Transilwrap called the EDC in the morning and we had staff meeting with them that afternoon. Our goal is to make business happen in Wayne County as fast as possible. Transilwrap is a perfect example of that.” Transilwrap has been located in Richmond for over 20 years.
Since January of 2009, the EDC of Wayne County, through its EDIT fund, has assisted existing businesses in the commitment to the retention and creation of over 172 jobs and provided training assistance funds to 14 companies. These projects have resulted in over $15.9 million in new investment in Wayne County. The county’s consolidated EDIT fund comes from funding provided by partnering towns in Wayne County who have agreed to provide half of their EDIT proceeds yearly for county-wide economic development. Partners in county-wide economic development currently include the towns of Cambridge City, Centerville, East Germantown, Economy, Hagerstown, Milton, Mt. Auburn, Richmond, Whitewater and Wayne County.