Transcendia, Inc., an extruded plastics manufacturer, is adding a new production line and state-of-the-art equipment at their facility located at 300 Industrial Parkway, as well as creating additional manufacturing capacity in a facility currently being used for warehousing located at 305 Industrial Parkway. The company plans to invest a total of $17M between the two projects and expects to have the new equipment installed by the end of the second quarter of 2025. The new machinery will enhance technology as well as increase speed and efficiency allowing the manufacture of complex composite films required for the healthcare, and food and beverage packaging markets. As a result of the project the company plans on creating a minimum of 30 new full-time jobs with the first 10 hired this year and the balance hired in 2025. New and existing employees will receive training in classroom and on-the-job formats.

As a result of the expansion, the company will receive $95,000 in an Economic Development Income Tax (EDIT) Grant from the Economic Development Corporation (EDC) of Wayne County, Indiana. The grant can be used for employee training, improvements to buildings, or equipment purchase and installation.

EDC of Wayne County President, Valerie Shaffer says when a company expands in Wayne County it’s a testament to how great it is to do business here. “It’s a compliment to the business environment and labor force of Richmond and Wayne County when an existing company continues to grow and invest here. It’s a reaffirmation they made the right decision in locating here.”

Richmond Mayor, Ron Oler says, he’s thrilled to witness Transcendia’s continued growth. “This expansion is a win-win for both the company and the community.”

These are exciting times for Transcendia’s employees and customers, according to Plant Manager, Cody Cohoon. “This investment will allow us to provide customers with even greater value by utilizing technologies we’ve never had before, while also expanding into high-margin markets like Healthcare and Food & Beverage. Our employees will be operating state-of-the-art equipment that is safer and easier to use. This investment will also help our legacy business with improved efficiencies. We appreciate the continued support from city, county, and state officials.”

Based on the company’s job creation and investment plans, the Indiana Economic Development Corporation (IEDC) committed an investment in Transcendia of up to $200,000 in the form of incentive-based tax credits and up to $100,000 in Hoosier Business Investment tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.

“Indiana’s robust manufacturing sector continues to grow and evolve alongside advancements in technology, enabling companies like Transcendia to improve efficiencies and serve even more customers around the world,” said Ann Lathrop, chief strategy officer at the IEDC. “Transcendia’s commitment to growing in Indiana is a testament to our strong and collaborative manufacturing ecosystem, our skilled talent pipeline, and our shared commitment to building modern and vibrant communities. Today’s announcement is sure to have a lasting impact on Richmond’s economic momentum and community development for years to come.”

About Transcendia, Inc.

Transcendia, Inc. is a global market leader in specialty films with expertise across a broad spectrum of technologies. The company specializes in customizing plastic film structures, by changing their chemistry, composition, or configuration offering the widest range of film products and capabilities. Products include liquid coating, extrusion coating, sheet and film extrusion, and specialized compounding. They also offer a wide range of custom converting services including slitting, sheeting, embossing, perforating, magnetic striping, security holograms, and specialty printable plastics for commercial printing. For more information visit www.transcendia.com.