Plastic furniture maker Poly-Wood LLC is investing $42.8 million in a new manufacturing and recycling facility at its Indiana headquarters, a continuation of recent growth for the company.
The Syracuse, Ind.-based firm plans to open the facility in fall 2021, with an additional 30 extrusion lines and one recycling line, at its headquarters campus, according to a Nov. 19 news release from the Indiana Economic Development Corp.
Poly-Wood uses recycled high density polyethylene to make its signature line of Adirondack chairs and other outdoor furniture and has been growing steadily in recent years.
In 2018, it announced a $35 million investment in a new manufacturing and recycling plant in North Carolina, after recapitalizing with two Indiana-based investment firms in 2015.
The company employs 600 in Indiana and 775 nationwide. The furniture maker added 157 jobs this year and expects to create another 95 by 2023 with the new 369,000 square foot plant, IEDC said. It said the investments in the new plant would take place over five years.
In 2018, the company told Plastics News it had 15 extrusion lines at its Indiana factory and planned 20 lines for the North Carolina plant.
Poly-Wood said it recycles 400,000 HDPE milk jugs a day to make its furniture, and said on its website that it was started in 1990 in a garage in Syracuse by Doug Rassi and Mark Phillabaum, who saw that the growth of government recycling programs was creating a source of raw materials.
IEDC offered the company $2.5 million in conditional tax credits based on creating up to 252 jobs by the end of 2023, and another $200,000 in tax credits based on the company meeting planned capital investment targets in the state.
The company sells its products both online and through retailers such as Target and Home Depot.