As published in Toledo Business Journal - September 1, 2010
Items manufactured by Silgan Plastics Corporation
Putnam Co. plastics firm
to invest $13M+
Silgan Plastics Corporation is planning an expansion at its facility in the Village of Ottawa. The more than $13.2 million Putnam County project includes an expansion of the current 270,000 square foot building. The company plans to renovate and convert a portion of its existing building on Woodland Drive from distribution to manufacturing, construct a new distribution facility and rail spur, and make other infrastructure improvements in an effort to enhance production efficiencies and lower operating expenses.
Silgan Plastics expects to create 30 jobs and retain more than 200 positions as a result of the project.
The Ohio Tax Credit Authority has awarded the company a 45% Job Creation Tax Credit for a six-year term as a result of the expansion project. The value of the tax credit is estimated at $180,536 over the term, and the company would be required to maintain operations at the project site for nine years.
“Companies are choosing to invest in Ohio because we have the lowest business taxes in the Midwest and a highly skilled workforce that, taken together, create a competitive advantage for businesses looking to expand,” Governor Ted Strickland stated. “And we are committed to continuing to improve the state’s business climate and partnering with companies to help them grow and create jobs for Ohioans.”
“The collaboration with industry partners reinforces our commitment to helping to develop Ohio’s 21st century economy by building on the existing strengths of our skilled and talented workforce,” Ohio Department of Development (ODOD) director, Lisa Patt-McDaniel, added.
Additionally, in mid-July, the State Controlling Board approved the release of a $75,000 state grant to help Silgan Plastics purchase new machinery and equipment as part of the company’s planned expansion.
“I commend Silgan for their decision to expand in Putnam County as well as the joint efforts of State and local officials to encourage company officials that northwest Ohio is the most ideal location to grow and create jobs,” stated Senator Steve Buehrer. “This investment is tremendous news for our workforce, economy, and the future of development in the region.”
Strickland added, “I believe in Ohio, because our small businesses and our communities have refused to give up. And we’ve never given up on them. Instead, because of the investments we have been making in job-creating businesses and projects, we are starting to see the signs of economic recovery throughout Ohio.”
Patt-McDaniel noted, “Close collaboration at the local, regional, and state level drives Ohio’s competitiveness, helping expand our industry strengths and attract dynamic businesses ready to create and retain jobs in Ohio. It’s these partnerships, combined with our skilled workforce, industry strengths, and proximity to other markets, that position Ohio for opportunity and economic expansion.”
In addition to the $75,000 grant and the Ohio Job Creation Tax Credit, ODOD has committed a $500,000 Community Development Block Grant and a $90,000 Ohio Workforce Guarantee Grant in support of Silgan’s expansion.
With 21 production plants across North America, Silgan Plastics is a manufacturer of custom-designed, high-density plastic materials, including jars and bottles, tubes, closures and fitments, and microwaveable food containers, as well as a variety of packaging labels.
Since the company's inception over 20 years ago, Silgan has grown dramatically with 12 acquisitions.