May 28, 2015

French company announces $11.5M expansion in Portage

Excerpted from Wisconsin State Journal

By Dee J. Hall

A global plastics company announced Thursday an $11.5 million expansion of its plant in Portage, aided in part by $700,000 in state tax credits.

Saint-Gobain Performance Plastics held a groundbreaking ceremony Thursday for the 48,000-square-foot expansion, which is expected to add 42 jobs to its 300-member Portage workforce.

Saint-Gobain vice president Marco Corrales said the company, which is celebrating 350 years in business, currently operates in 64 countries. It opened its Portage plant in 2001, he said, and has been growing by about 10 jobs a year.

The expansion is expected to be completed in early 2016.

Saint-Gobain Performance Plastics, with more than 4,000 employees, is present in 16 countries in North America, Europe and Asia and operates 45 manufacturing sites including Portage.

Paris-based parent company Saint-Gobain Corp. is one of the top 100 largest industrial companies in the world with 43.2 billion (euros) in sales and 193,000 employees in 64 countries.

Read the full article.