Illinois-based Phoenix Closures, a manufacturer of plastic packaging, said Monday that it plans to open a plant in Greencastle that's expected to employ 90 within several years.
The firm specializes in injection-molded closures for the food and beverage, pharmaceutical and household chemical industries. It plans to locate the plant at a former industrial site in the Putnam County community. The plant will be in a 250,000-square-foot building on 57 acres.
"Phoenix Closures could have built this new factory in a number of places, but they chose to do so in the top manufacturing state in the country," Gov. Mitch Daniels said in a written statement.
Phoenix Closures will begin construction later this year. The plant is scheduled to begin production in late 2012.
The availability of a crane bay in the building and rail service on the site made it an atractive location for Phoenix Closures, said Ed Buck, the company's vice president of manufacturing. He said the site also is near the company's key markets and could accommodate future growth.
The Indiana Economic Development Corp. offered Phoenix Closures up to $800,000 in performance-based tax credits and $200,000 in training grants based on the company's job-creation plans. In addition, the city of Greencastle will consider additional property tax abatement.
This will be Phoenix Closures' first Indiana facility. It has plants in Iowa and Tennessee and a distribution center in California.