RAVENNA, Ohio (Dec. 23)—Portage Precision Polymers Inc. is planning to expand its rubber product operation to meet high demand.
The company will use $295,000 in support from government entities for the project, according to a news release from the Neighborhood Development Services Inc., which is working with the city of Ravenna to obtain a $135,000 grant from the Community Devleopment Block Grant program. The city also expects to contribute $160,000 to the firm through its revolving loan funds,
Doug Hartley, Portage Precision Polymers president, said the firm will expand its facility to accommodate additional machinery, and expects to add 10-15 fulltime jobs.
The manufacturer bought the idle Paeco Rubber plant and equipment in Ravenna in 2002, and by the end of 2003 had created 50 jobs at the operation. The company makes custom polymer compounds in slabs, strips and sheets for customers in the U.S. and Canada.