Unnamed firm returns to Portage seeking tax abatement

2014-03-27T18:00:00Z 2014-03-28T07:38:14Z Unnamed firm returns to Portage seeking tax abatementJoyce Russell joyce.russell@nwi.com, (219) 762-1397, ext. 2222 nwitimes.com

PORTAGE | A local company will seek a tax abatement from the Portage City Council when it meets Tuesday night.

Clerk-Treasurer Chris Stidham confirmed Noserus, a code name for the company given by the Indiana Economic Development Corp., requested to be placed on the agenda.

The new paperwork filed by Noserus, including a form titled "supplemental information for statement of benefits application," suggests the company is MonoSol.

The information lists P. Scott Bening as Noserus' president and CEO. Bening holds those positions with MonoSol.

The form also lists its parent company as Kuraray Holdings, of Houston, Texas, the same parent company as MonoSol. Noserus and MonoSol also share the same local Merrillville headquarters address and operations in Portage and LaPorte.

The information describes Noserus as "Company is the global leader in the manufacture of water soluble polymer films, compounds, and solutions. Company makes the soluble film for Tide Pods and Cascade and all competing laundry and dishwashing products as well as for agrochemicals and dust abatement solutions."

MonoSol's website gives a similar description of its operations.

City officials will not confirm Noserus is MonoSol, and calls to the company's headquarters were not returned.

The project was on last month's City Council agenda but was withdrawn with no explanation.

A difference between last month's abatement application and the newest version moves the proposed development from the city-owned Northside Business Park to the AmeriPlex at the Port business park across Ind. 249.

According to the paperwork, the company plans to build a 300,000-square-foot manufacturing facility that will employ about 60 workers from the first day of operations. The facility's anticipated payroll is $4 million.

The facility could grow to employ more than 150 workers with a $10 million annual payroll within three to four years, the paperwork says.

The first phase of capital investment includes $35 million in construction and equipment. The second phase involves an additional $30 million.

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