Business

CSI to expand existing location in Crawfordsville

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Closure Systems International announced plans Monday to expand its Crawfordsville manufacturing facility.

This expansion represents investments totaling approximately $25 million in the construction of an additional 200,000-square-foot facility and new manufacturing equipment in the Crawfordsville Commerce Park.

After a year-long process to identify an ideal location for a new facility to accommodate CSI’s increased production demand, the search came down to expanding its current facility in the City of Crawfordsville and a site in a neighboring state.

“The expansion of our Crawfordsville facility is an important milestone to support the growth of the company’s closure business,” said Floyd Needham, CSI president and chief executive officer. “We are excited to increase our footprint in Crawfordsville, where we have maintained a strong presence for many decades. The plant’s culture and our employees’ dedication to making this plant successful differentiated this location and solidified our decision to expand the facility.”

Mayor Todd Barton said Crawfordsville is proud to already have a great relationship with CSI and is excited to continue that through this new project.

“Due to the availability of site-ready land, existing infrastructure and rail services, along with highly competitive incentives, Crawfordsville is an ideal location for CSI’s expansion,” Barton said.

The new facility addition will create up to 50 jobs, adding to the approximately 260 existing jobs at the Crawfordsville location.

“With our state’s pro-growth business climate, and the most concentrated manufacturing workforce in the nation, Indiana is the perfect place for companies like Closure Systems International to scale operations,” said Brock Herr, senior vice president of business development for the Indiana Economic Development Corporation. “The company’s dedication to sustainable development in Indiana and around the globe is admirable, and we’re grateful CSI continues to choose to grow in Indiana, creating even more quality career opportunities for Hoosiers.”

The IEDC committed an investment in Closure Systems International Inc. of up to $1.3 million in the form of incentive-based tax credits based on the company’s plans to create up to 50 new jobs in Crawfordsville and up to 10 in Indianapolis. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.

As a part of their location decision-making process, CSI will seek a tax abatement incentive from the City of Crawfordsville for the facility and equipment investments. Pending city approval, construction on the site will begin this spring.

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