(6-21-23) TekniPlex Consumer Products, a globally integrated provider of innovative solutions through materials science and manufacturing technologies held a groundbreaking ceremony in Van Wert today. The $40 million project is expected to create more than 100 jobs.

The 200,000-square-foot specialty molded fiber solutions facility will further expand the company’s capacity, with a variety of products, including egg cartons. Operations are scheduled for early 2024.

Company Profile: TekniPlex Consumer Products specializes in advanced materials science solutions for companies in the food & beverage and consumer packaged goods industries with a focus on protecting products, strengthening brands, and innovating sustainably. TekniPlex Consumer Products serves companies around the world in sectors including beauty and personal care, household items, and food and beverage.  

Company Website: https://www.tekni-plex.com

Why Ohio?  

TekniPlex has 50 locations across the world. One of those facilities is a global innovation center in Holland, Ohio, a suburb of Toledo, which has provided the company with knowledge of the advantages of doing business in Northwest Ohio. 

TekniPlex credited the region’s work culture and its positive experience doing business here as a key driver in the decision to locate in Van Wert. The company also cited the significance of being located within one of the largest egg-farming states in the nation. 

Eldon Schaffer, CEO of TekniPlex Consumer Products

“The new facility will combine TekniPlex’s specialty fiber capabilities with state-of-the-art technology platforms obtained through our recent strategic acquisitions. Notably, the Ohio plant will be our eighth such facility dedicated to molded fiber solutions development and production.”

The project is being supported by a Job Creation Tax Credit approved by the Ohio Tax Credit Authority.

TekniPlex, Inc. was granted a seven-year, 1.311% tax credit by the Ohio Tax Credit Authority on May 9. The company aims to contribute $4.8 million annually to the local economy through increased payroll.