DETROIT (Jan. 15, 2015) – Governor Mike Pence joined executives from Sirmax North America, Inc., an Italy-based global supplier of plastic compounds and resins, in Detroit today to announce the company’s plans to locate its first North American facility in Anderson, Indiana, creating up to 50 new jobs by 2020.
“Sirmax is joining the ranks of leading automotive companies who have chosen to grow in Indiana out of a world of options,” said Pence. “Meeting today with leaders at Sirmax and with leaders from other international automotive companies at the North American International Auto Show, it’s clear why they keep choosing Indiana. Entering a new international market can be difficult, but with Indiana’s business climate built for their growth and a workforce that knows its way around building cars, Hoosiers help keep the world moving.”
The Cittadella, Italy-headquartered company will invest $25.6 million into its new Anderson operations, building a 140,000 square-foot facility on a 26.3 acre portion of the former General Motors property, which is owned and marketed by RACER Trust. The investment will also go toward installing equipment based on best practices developed at the company’s facilities around the world. Expected to be operational by October 2015, the company’s first North American location will serve as a strategic logistical location for its automotive and appliance customers, which includes a U.S.-based client that signed a $20 million annual contract with Sirmax late last year. The company anticipates producing 20,000 tons of plastic compounds and resins a year in Anderson, with an annual turnover expected at $35 million.
“I would like to thank Governor Mike Pence and the state of Indiana, the city of Anderson and the IEDC for the warm welcome and the high professionalism that they always showed in this process,” said Massimo Pavin, chief executive officer of Sirmax. “This is what made the difference in our location choice for our first U.S. production plant in Indiana, in the heart of the automotive sector. My wish, that I would like to share with the Sales Director of Sirmax North America Lorenzo Ferro, is that this is only the first of many steps to increase the productive capacity of the Anderson plant.”
With 200 employees located across its European and South American locations, Sirmax will begin to hire engineers, administrators, machine operators, quality control professionals, skilled equipment mechanics and production line associates for its Anderson location beginning in September 2015.
Founded in 1964 under the name SIRTE, Sirmax produces and supplies plastic compounds and resins used in the automotive, home appliance, electrical and furniture industries. As the second largest independent polypropylene compounder in Europe, the company’s products include polypropylene compounds used in automobile interiors, exteriors, under-the-hood as well as in household appliances including components for washing machines, dishwashers, dryers, refrigerators and freezers. Launching a global strategy in 2005, Sirmax operates five manufacturing and sales facilities across the globe, including three in Italy, a facility in Poland and a facility in Brazil, in addition to sales subsidiaries in Germany, France and Spain.
“We welcome Sirmax to Anderson, Indiana. Mr. Massimo Pavin leads a world class business team,” said Anderson Mayor Kevin S. Smith. “Indiana is a great place for Italian business and Anderson is an ideal partner for Sirmax business needs.”
The Indiana Economic Development Corporation offered the city of Anderson up to $600,000 in infrastructure assistance from the state’s Industrial Development Grant Fund. The city of Anderson will consider additional property tax abatement.
Sirmax is the second company today to announce plans that it will locate its first North American operations in Indiana. Earlier today, Pence joined executives from Brescia, Italy-based OMR Automotive, announcing the company’s plans to locate its North American headquarters in Speedway, creating up to 60 new jobs for Hoosiers. This comes amid Pence’s one-day economic development and jobs mission to the North American International Auto Show held in Detroit, where he is sharing Indiana’s story as a state that works with executives representing some of the biggest names in the automotive industry.
About Sirmax Sirmax was established in 1999 after the merge of Maxplast and Sirte, operating since 1964. Sirmax headquarter is based in Italy in Cittadella (Padova) and is specialized in the production of PP and other engineering polymers (PA, ABS, PC, PBT, PPO, POM, etc) compounds for the automotive, appliance, power tools, households, furniture, electrical & electronical. Sirmax is ranked 6th in the European PP Compound producers (2nd among the ones not integrated with a petrolchemical plant). It employs 200 people for a consolidated turnover of 160 M€ in 2014. The management is under 45, with a high percentage of university graduates.
Sirmax comprehends six production plants, based in Italy (3, Cittadella, Tombolo, Isola Vicentina), Poland (Kutno-Lodz), Brazil (Jundiaì-Sao Paulo) and United States (Anderson, IN) and five sales offices (Italy, France, Spain, Germany, Poland).
Main direct customers (or supplied through Tier 1s) of Sirmax are Whirlpool, Bosch, Siemens, Indesit, Kaercher, Fiat Chrysler Automobiles (FCA), Volkswagen Group, Daimler (Mercedes), PSA (Peugeot-Citroen), Philips, Honeywell and Ikea.
About IEDC Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.