Turkish plastic compounder Elastron is opening its North American headquarters in Gainesville.
In an initial $10 million investment, production at the plant at 975 Chestnut St. is expected to start mid-2018, providing 20-25 jobs, a company press release states.
Renovations are underway on the building.
The company says employment could rise to 60-80 workers within the next 3-5 years.
Elastron has been in business from more than 35 years with exports to some 55 countries worldwide.
The plant will produce a broad range of thermoplastic elastomers, which is an elastic substance occurring naturally, such as rubber, or produced synthetically.
The company began expanding into North America in 2012 “and has seen enough demand to justify a local manufacturing facility,” according to Elastron.
“Gainesville-Hall County is a unique manufacturing environment with more than 300 goods-producing firms and 33 percent of the workforce employed in these businesses,” Elastron said.
The community “offers access to both top executive and management-level talent to run the business as well as the skills for the manufacturing floor, competitive cost of living and doing business … and close proximity to a global metropolitan region.”
Elastron also noted that the Greater Hall Chamber of Commerce has a “full-time existing industry support program.”
“It’s an honor when a company chooses to locate its North American headquarters in Georgia,” Gov. Nathan Deal said in the press release.
“Our pro-business environment has been a magnet for innovative companies for many years. I am thrilled that Elastron USA will call Gainesville home. Not only is it a win-win for Hall County, but for the entire state.”
Compiled by Jeff Gill