Sussex IM Planning Expansion, New Facility

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Company Could Add up to 40 Jobs Over Next Three Years

Sussex IM is planning to build a 145,000-square-foot facility near Highway K and Highway 164 to manufacture plastic injection molded parts, according to a resolution the Sussex Village Board will consider Tuesday.

The custom injection molding company serves a number of brands in the industrial, cosmetic, health care and home and garden markets. The company already has a facility at N65 W24770 Main St. in Sussex.

The project is expected to take place in multiple phases and is estimated to cost $10 million. The resolution before the board Tuesday calls for issuing up to that amount in industrial development revenue bond financing for the project. The village would act as a conduit for issuing the bonds to help keep Sussex IM’s borrowing cost down, but the municipality would not incur any liability from the deal.

The project could create up to 40 new full-time equivalent jobs within three years.

By |2016-03-08T13:06:55-05:00March 8th, 2016|Company News, Press Releases|Comments Off on Sussex IM Planning Expansion, New Facility