TekniPlex Consumer Products Bringing $40 Million Facility to Van Wert
New Plant to Utilize Renewable Molded Fiber in Manufacturing, Create 100 New Jobs
Published: Mon May 08 2023
Company Name: TekniPlex, Inc.
Industry Sector: Advanced Manufacturing
Company Profile: TekniPlex Consumer Products specializes in advanced materials science solutions for companies in the food & beverage and consumer packaged goods industries with a focus on protecting products, strengthening brands, and innovating sustainably. TekniPlex Consumer Products serves companies around the world in sectors including beauty and personal care, household items, and food and beverage.
Type of Project: New Location
- Jobs committed: 100
- Jobs retained: 0
- Types of jobs: Manufacturing
Capital Investment: $40,000,000
Timetable: TekniPlex plans to begin operations in Q4 of 2023.
TekniPlex evaluated its supply chain on inbound and outbound costs and options in different U.S. locations to find the best fit for the new investment. The company determined that building a new manufacturing facility would provide synergistic value by consolidating manufacturing leadership operations for North American production.
The new facility will combine TekniPlex’s longstanding fiber capabilities with technology platforms obtained through our recent strategic acquisitions. Notably, the Ohio plant will be our eighth such facility dedicated almost exclusively to molded fiber solutions development and production.
- Eldon Schaffer -
CEO / TekniPlex Consumer Products
TekniPlex has 50 locations across the world. One of those facilities is a global innovation center in Holland, Ohio, a suburb of Toledo, which has provided the company with knowledge of the advantages of doing business in Northwest Ohio.
TekniPlex credited the region’s work culture and its positive experience doing business here as a key driver in the decision to locate in Van Wert. The company also cited the significance of being located within one of the largest egg-farming states in the nation.
JobsOhio, Ohio Department of Development, Regional Growth Partnership, Van Wert Area Economic Development Corporation, City of Van Wert