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Packaging manufacturer plans 90-person Greencastle plant

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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.

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  1. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  3. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

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