Holland Colours Americas, Inc., a producer of colorants for the plastics industry, will expand operations at its Richmond facility by adding a new product line. The company, located at 1501 Progress Drive, plans to invest $1.66 million and create 20 new full-time jobs. Joe Bauer, President – Americas Division, explains, “This investment will significantly increase our capacity and capability to produce existing and new technologies in the Richmond facility. This project is far more than a matter of production expansion, it provides state of the art equipment in order to deliver our customers and team members the technology and capacity they need to grow in a sustainable manner”.
To assist with the project, the company will receive an Economic Development Income Tax (EDIT) Grant from the Economic Development Corporation (EDC) of Wayne County in the amount of $23,700. The funding will be used to help offset the cost of new equipment and for training of new and incumbent employees. Richmond Mayor Dave Snow said “Holland Colours Americas continues to be a valued partner in Richmond’s growth. Always willing to offer a role of support for community events, while providing quality employment is what shines a spotlight on this great company. This expansion and investment furthers that commitment and secures our meaningful relationship for years to come.” The company has been located in Richmond since 1987. The request for EDIT funds will go before the Wayne County Commissioners for their consideration.
The Indiana Economic Development Corporation offered Holland Colours Americas Inc. up to $120,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. “Holland Colours’ decision to expand in Indiana continues a long-standing tradition of global manufacturers from all over the world making big investments in our communities,” said Indiana Secretary of Commerce Jim Schellinger. “Being an employee-owned company, Holland Colours focuses not only on its client, but also on the success of its employees, and we’re thrilled to see them bring even more quality career opportunities for Hoosiers.”
About Holland Colours Americas, Inc.
Holland Colours Americas, Inc. is headquartered in Apeldoorn in the Netherlands and has been in operation for 35 years. The company also has locations in Europe and Asia in addition to the Richmond plant in the United States which currently employs 86 full-time employees. Small-scale manufacturing and distribution centers are also located in the United Kingdom, Mexico, Canada and Indonesia. The company produces high-quality solid and liquid colorants, masterbatches, and additives for coloring rigid and flexible PVC, PET, Polyolefins, as well as other polymers. The products are used in packaging, building and construction, coatings, sealants, and adhesives as well as other markets. For more information visit: https://hollandcolours.com/