WABASH – Plus5 Global, Inc. has announced plans to open its first processing facility in Wabash County.
This new processing plant will create 76 new jobs in Wabash County, particularly in the areas of skilled machine operation, material handling, sales and administrative tasks. The jobs will pay an average hourly wage of $25.57 by 2024.
Construction of the processing plant is expected to begin in the spring of 2022 and operations will begin in 2023.
This eco-tech and upcycling company will bring what CEO Paul Andrade calls a “disruptive but cutting-edge business” to Wabash County with the goal of minimizing its carbon footprint and that of other businesses, by creating substitutes of great value to traditional products. carbon and oil which remain profitable.
“We are excited about the location of our new facilities in such an atmosphere conducive to the growth of the Town of Wabash,” Andrade said. “The Wabash site brings with it our benchmark process and product applications which will see continued innovation as we pursue our site rollout plan.”
Plus5 will invest nearly $8.5 million in machinery and equipment and occupy a 43,000 square foot facility under construction at Arc Light Business Park to convert used recyclable rubber materials into high-demand industrial products at across the country and abroad.
“Indiana’s vision for long-term sustainability is supported by innovative startups like Plus5 Global committed to growing in Hoosier State,” said Ann Lathrop, executive vice president of global investments for Indiana. Economic Development Corp. (IEDC). “The company’s energy-efficient technologies, out-of-the-box thinking, and environmentally responsible solutions will help Indiana navigate a significant energy transition while creating quality careers for Hoosiers.”
“We welcome Paul and his team from Plus5 Global to Wabash,” said Wabash Mayor Scott Long. “This project is a huge win for our community and they will be a valued member of our established manufacturing community of green technology and recycling companies.”