Just a few months ago, the Ampacet Corporation in Crockett was close to shutting down. Demand for the company's products and services was low and the plant was forced to lay off 42 employees. That's when Alloy Polymers, Inc. bought Ampacet last May for $12 million.
The new owners were able to save 33 jobs and plan to add 52 new workers in an expansion project, thanks to a grant from the governor's Texas Enterprise Fund and an incentive package from the Crockett Economic Development board: $405,000 over a four-year period based on the number of jobs created and maintained there over a year.
C.E.D. Executive Director Tim Culp said, "We knew that the Texas Enterprise Fund existed, but also knew that rural communities - primarily those [with a population of] less than 20,000 - had not been very successful obtaining these funds, primarily because of the size of the projects and the lack of the direct impact that these projects had on Texas."
Texas competed with several other states for the expansion project, including Virginia, Ohio, and Tennessee.
A well-trained, experienced, dedicated workforce and the opportunity for expansion at the Crockett plant worked in the town's favor, as well as support from the community.
Charles Chiappone, President of Alloy Polymers, Inc., said, "It was the willingness of state and local officials to work with us. We felt they had a strong desire to be a longterm partner with us and understood the importance our relationship has on insuring prosperous economic growth."
The plant is celebrating its 25th anniversary this year. Alloy Polymers is a leader in compounding services and solutions in the thermoplastics industry.
About 80 percent of the company's products are for U.S. and Japanese automotive companies. Underground piping, irrigation, and pressure piping are also big business there.