HAMMOND | Huhtamaki Inc., a global manufacturer of consumer and specialty packaging, announced plans Tuesday to invest $8.5 million in its Hammond facility.
The company, a subsidiary of Finland-based Huhtamäki Oyj, will expand its production capabilities to accommodate increased demand for its recycled paper products, creating up to 12 new jobs by 2014.
As part of the project, the company will buy additional manufacturing equipment for its facility located at 6629 Indianapolis Blvd., according to a release from the Indiana Economic Development Corp.
"Huhtamaki is not only the latest international firm to have taken notice of our state's business-friendly climate, but its decision is further evidence that Indiana can compete and win on the international stage," said Dan Hasler, secretary of commerce and CEO of the IEDC, in a statement.
Huhtamaki, which employs more than 115 full-time Hoosiers at its Hammond fiber molding plant, is hiring and training additional manufacturing associates.
"This investment reflects Huhtamaki's confidence in our facility," said Rich Blastic, Huhtamaki's Hammond plant manager, in a statement. "The company has made significant investments in our operations over the past four years and our past business success justifies this expansion."
The Indiana Economic Development Corporation offered Huhtamaki, Inc. up to $115,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Hammond offered additional property tax abatement.
Established in 1947, the company is part of Huhtamaki North America, which has 16 plants and serves local markets with Chinet brand disposable tableware and ice cream containers.
Huhtamaki's parent company, Huhtamäki Oyj, was founded 92 years ago and serves the foodservice and consumer goods markets with approximately 14,000 people in 62 manufacturing units and several sales offices across 31 countries.
"The city of Hammond is proud to support Huhtamaki in their expansion efforts. Huhtamaki has operated in the city for nearly 65 years and has been a great corporate citizen and partner over the years," said Hammond Mayor Thomas McDermott Jr.