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Plastics supplier investing $6M in expansion
A plastics supplier plans to invest $6 million to expand a facility in the region.
The expansion project by West Michigan Compounding, or WMC, will be at 1300 Moore St. in Greenville, according to The Right Place yesterday.
WMC will create at least 33 full-time jobs, as well as expand the building's production space by 41,000 square feet and the front office by 3,600 square feet.
The expansion of the original 25,000-square-foot space will allow for additional capacity to meet the increased demand WMC has recently experienced.
WMC has “grown significantly over the past three years” and now employs more than 70 people.
The company uses a reclamation process and equipment to compound and recycle more than 100-million pounds of plastic every year at two facilities in Greenville, including the 400,000-square-foot former Electrolux warehouse it purchased in 2015.
“Our company continues to see impressive growth, and we are excited for what this expansion will mean for WMC’s future,” said Ashley Everin, VP, West Michigan Compounding.
The Right Place, a Grand Rapids-based economic development nonprofit, worked with the Montcalm Economic Alliance to provide resources to help the company expand locally and not in Kentucky or Indiana.
The Michigan Economic Development Corporation approved a $150,000 Michigan Business Development Program performance-based grant for the company.
The City of Greenville will consider a 50-percent property tax abatement in support of the expansion.
West Michigan Compounding
West Michigan Compounding is focused on supplying products and services to help customers achieve significant plastic raw-material cost savings.
The company was founded in 2005 and primarily supplies plastics to the automotive industry.