Summit Plastics is undergoing a $5.4 million expansion that’s expected to create 25 jobs, company officials said.
The company plans to construct a 12,000-square foot addition onto its 98,000-square foot facility and add three production lines.
"Once again, the state, Pike County and the Town of Summit have stepped up to help our business continue to grow and provide good paying jobs with excellent benefits to the great people of Mississippi. Mississippi clearly is one of the best business environments in the entire United States.” Summit Plastics CEO Tom Nathanson said.
Summit Plastics expects to complete the expansion by March 2022 and plans to immediately begin filling the new jobs.
The company was founded in 1994 and provides custom plastic film and sheet products for a blue-chip customer base.
Nathanson bought the company in 2015, and it has since grown from 52 employees to more than 110. Production also has increased from 20 million pounds per year to 40 million pounds. Within the next four years, Summit Plastics’ goal is to reach 85 million pounds per year.
“Mississippians are hard workers and take pride in a job well done, as evidenced by Summit Plastics’ decision to grow and create 25 new jobs for the residents of Pike County after nearly 30 years in business,” Gov. Tate Reeves said in a statement.
“Companies like Summit Plastics comprise the backbone of our state’s economy, and I know our strong, pro-business environment, talented workforce and the unwavering support of economic developers at the state and local levels will ensure Summit Plastics enjoys many more decades of growth and success in Pike County.”
The Mississippi Development Authority is providing assistance for building construction and through its Advantage Jobs Rebate program, which is available for businesses that create new jobs exceeding the average annual wage of their state or county.
The town of Summit, Pike County and Entergy also are assisting with the project.
“We are grateful to Summit Plastics for choosing to continually expand in Summit,” Mayor Percy Robinson said. “Summit Plastics has been a great corporate citizen for nearly three decades, and we thank them for providing stable, well-paying careers to the people of Summit, Pike County and beyond.”