Dive Brief:
- Padnos, a recycling company based in Holland, Michigan, is expanding its operations to include a plastics recycling plant to be opened in Fremont, Indiana.
- The facility will be used to process post-industrial plastics for grinding, compounding and pelletizing.
- Padnos Plastics Solutions Inc. will be operating by early next year, according to the company's director of finance.
Dive Insight:
The company has been offered $75,000 in conditional tax credits from the Indiana Economic Development Corp. and up to $40,000 in training grants. The Indiana building is 120,000 square feet.