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  2. new owner takes over at dow plant

new owner takes over at dow plant

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By admin on Tue, 02/03/2015 - 14:36

by lou wilinstaff writerthe new owner of the filmproducing dow chemical co. plant in findlay plans to double the 55 jobs there in two to three years.valfilm north america, which took possession of the 400,000squarefoot plant at 3441 n. main st. on sunday, said it will double plant production and revenue by the end of this year.valfilm&rsquos films are used for food packaging, metal adhesion and embossing.it will begin broadening its product mix this spring. production of stretch film, widely used in industrial packaging, among others, will begin soon. valfilm also will be obtaining new equipment this spring.valfilm will receive help from the state and findlayhancock county economic development.a job creation tax credit and other state assistance, including worker training grants, are being recommended for valfilm by jobsohio, gov. john kasich&rsquos private, nonprofit development corporation, said matt englehart, jobsohio communications manager. those could be approved by the state next month.worker training grants could be for 8,000 per qualifying new employee. further details regarding the proposed tax credit or other assistance were not available from the state. other assistance will be provided by ohio means jobs in hancock county, formerly called jobsolutions, including job postings, a candidate search, recruitment and screening, and employee skills assessments.valfilm also is expected to receive property tax savings for building renovations through findlay&rsquos community reinvestment area program. the amount has not been determined because valfilm has not set all of its renovation plans, said tim mayle, assistant director of findlayhancock county economic development.the economic development agency, a division of the findlayhancock county alliance, helped valfilm find banking, human resource and legal assistance.dow announced last fall it would close the findlay plant, which then employed 70. however, dow and findlayhancock county economic development, working together, found a new building user in valfilm.dow, which had been in findlay for 55 years, deserves much credit for turning an economic blow into a boon, said anthony iriti, director of findlayhancock county economic development.when the company first announced plans to vacate the findlay plant last fall, dow leaders contacted the alliance to team up and try to find another company to move into the building.&ldquothey went above what a company normally would do,&rdquo iriti said.valfilm was formed in 1976 in brazil. it is a whollyowned subsidiary of valgroup packaging solutions. valgroup specializes in developing, manufacturing and marketing flexible packaging in polyethylene.wilin 4194278413 send an email to lou wilin&nbsp

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