Plastech's plans include a three-stage process for a new manufacturing complex. The first phase will be a 252,000 sf blow molding facility. This facility will be expanded by 75,000 sf within two years, and a separate 375,000 sf facility for injection mold products will be added within three years. The total capital investment for the project is about $110 million.
Plastech had considered locating the manufacturing complex in either the township or a competing site in Kentucky. A Single Business Tax credit offered today worth $9.9 million over a 13-year period helped convince the firm to expand and create new jobs in Michigan, said state officials.
Frenchtown Charter Township helped attract the expansion with its approval of a tax abatement for the company worth an estimated $8.2 million over 12 years.
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