Milacron makes equipment and components for plastics processing. Photo via fb.com
A maker of equipment and components for plastics processing is expanding its plant in the area.
DME Company, LLC, a subsidiary of Cincinnati-based Milacron, is consolidating operations from its Youngwood, Pennsylvania mold-technology fabrication plant, which will be shuttered.
In addition to the consolidation, the organization, or Milacron DME, will make “significant” investments to expand capabilities at the Greenville facility, at 1117 Fairplains St.
The company is investing $5 million in the local operation and creating up to 70 full-time jobs.
“By consolidating our machining operations into one single U.S. location, we can target our investment funds, building a world-class facility in Greenville to support our growth plans,” said Peter Smith, president and general manager, Milacron DME.
Milacron DME chose to expand in Michigan over competing sites in West Virginia and Ontario and was awarded a $490,000 Michigan Business Development Program performance-based grant from the Michigan Economic Development Corporation.
Additionally, the City of Greenville is considering a local tax abatement to support the project.
The Right Place in Grand Rapids provided support in the form of staff time and resources.
“This project wasn’t just an expansion of a company in Greenville — it was the retention of a company as well,” said Rob Spohr, chair, Montcalm Economic Alliance. “We won this project with collaboration, a solid business case and collective, determined effort, at the state and local level, to ensure Milacron stayed in Montcalm County.”