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Last updated on Wednesday, May 9, 2018
(SALEM) - Tian Yuan, a producer of plastic resin materials, announced on Tuesdays plans to establish a new manufacturing facility in Salem, with hopes to create up to 35 new jobs by 2021.
The company will be located in the old Child Craft facility.
WSLM reports, the project is headed by Eugene and Denise Hsiao, who own Shaw Brothers Co., Inc., a recycling company in New Albany that serves China, Taiwan, Malaysia and Vietnam.
"Tian Yuan and Shaw Brothers are very pleased to be making this investment in Salem," said Denise Hsiao, general manager for Shaw Brothers. "We look forward to growing our business and continuing to be a strong corporate citizen. We appreciate the assistance of the state of Indiana and the city of Salem for their willingness to work with us as well as providing a very warm welcome."
The company will make packing pellets from recycled materials.
The Hsiaos are joined by son, Adam, who said he was excited at the business, which will use recyclable materials from the Midwest. "That's why we're here - to keep plastic out of landfills and the ocean. I absolutely want to work towards that goal."
Denise Hsiao said the company has expanded to Thailand, Philippine, Vietnam, Malaysia and Singapore over the last year. "Our clientele is being expanded, we hope by then to be able to expand bigger - in the US."
"Right now we are receiving material in," she said. "Machines will be set up this week and next week. We have hired a technician from China to set it up. Hopefully by the end of the month we will be operational. Hopefully in 2-3 years, we'll have 35 employees. We are planning to have three shifts. Each shift we will have a certain amount of employees. Hopefully we'll be able to expand."
Denise said the company will be making pellets for packaging.
"We are making pellets and buying recycled materials from the middle of the US," she said at a press conference at Salem City Hall. "The equipment will grind [the recyclable materials] and make them into pellets. Right now we will be shipping to Thailand, Philippines, Vietnam, Malaysia and Singapore."
The family hopes to be able to set up a lab, add additional machinery, and start reaching those qualifications to begin selling their product domestically.
The company, which was recently established as a joint venture with Shaw Brothers Co. Inc., will invest $2.3 million to lease and equip a 37,500-square-foot manufacturing facility at 410 S. High St. in Salem.
The new facility, which will begin production this month, will complement the Shaw Brothers' production capabilities by producing plastic resin used for the extrusion process, mixing raw plastic materials.
The joint venture was formed to help meet growing demand from domestic and international customers as Shaw Brothers enters new markets.
Tian Yuan has already started to hire for sorting staff, production workers, material handlers and other operation professionals. Interested applicants may apply by email.
Shaw Brothers, an industry broker of plastic scrap and resins, established the new company, Tian Yuan, as a joint venture and to serve as a complement to its recycling division. Founded in 1985, Shaw Brothers buys and sells plastic materials through a network of domestic and international customers.
"The city of Salem is very pleased and appreciative of the jobs and investment that Tian Yuan brings to Salem," said Salem Mayor Troy Merry. "We are looking forward to a long, positive working relationship. We are also appreciative of the efforts of the IEDC, our local economic development partners and the Salem City Council for their cooperative work to make this project possible. This project is one more tangible sign that our economic development efforts are paying off and Salem is continuing to grow."
The IEDC offered Tian Yuan up to $140,000 in conditional tax credits and up to $20,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. The city of Salem will offer additional incentives at the request of the Washington County Economic Growth Partnership.
As companies like Tian Yuan continue to establish operations in the Hoosier state, Indiana is taking the state's workforce development to the next level with a focus on the key industries and high-demand jobs driving Indiana's 21st century economy forward, such as advanced manufacturing. Next Level Jobs - which provides grants to employers and skill-seeking Hoosiers - is working to build Indiana's workforce to help fill more than 1 million job openings expected to be created by 2025.
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