Only days after it announced it would build a new facility in Iowa, corrugated plastic pipe processor ADS (Hilliard, OH) says it will invest $10 million at its facilities in the Midwestern U.S. Operations in North Dakota, Illinois, Minnesota and Iowa all will benefit from the largess.
As we reported earlier his month, ADS is building a greenfield plastic pipe processing facility in Hampton, Iowa, with that new facility set to be fully operational by the middle of next month. As per ADS company policy, company officials would offer no information on the number of corrugation lines that will be placed in that new facility, or on our question regarding the number of new employees to be hired to work there.
The new $10 million investment is in addition to the amount being spent on the new facility in Hampton. "We will continue to invest significant dollars in our facilities to meet the growing demand for our products," commented Joe Chlapaty, chairman and chief executive officer of ADS, in a company statement. ADS is the world's largest processor of corrugated high-density polyethylene (HDPE) pipe....