MonoSol facility demonstrates Indiana’s global presence within manufacturing industry.
MonoSol is an enterprise based out of Merrilville, Indiana. Despite being headquartered within the Hoosier state, the water soluble polymer films manufacturing business is a subsidiary of Kuraray, Co., a Japanese conglomerate. Kuraray, Co.'s decision to locate the headquarters of MonoSol within Indiana speaks to the state's ability to attract manufacturing business from the global marketplace. In doing so, the state has bolstered its manufacturing economy and given its labor force a specific direction to find prosperous employment.
The newest evidence that Indiana's manufacturing sector is growing strong comes from MonoSol's recent decision to expand its business operations. The Japanese-owned manufacturer has announced that it will locate a new facility in Portage, Indiana. The facility will cost $65 million in an effort to increase production and create jobs. Upon the completion of the new facility, MonoSol will be able to create up to 150 new jobs by the year 2020.
While the project will take approximately five years to complete, it is evident that MonoSol is committed to conducting business in the Hoosier state. Of its current payroll of more than 445 employees, 300 of those full time position are held by employees that work in Indiana-based facilities. Increasing domestic jobs in the state speaks to the level of commitment that exists to continue to be a part of Indiana's robust manufacturing economy.
The announcement of the new facility shed light on Indiana's role in the global manufacturing marketplace. P. Scott Bening, MonoSol's CEO, conveyed that Indiana is a destination for over seas' investors.
Accent Software, Inc. offers enterprises within Indiana like MonoSol business management software that is essential in operating a manufacturing enterprise. The industry and market expertise of Accent Software, Inc. make it their software solutions a powerful resource for new and expanding manufacturers.