New Berlin-based Midland Plastics Inc., a distributor of plastic stock shapes and a manufacturer of plastic custom components, plans to build a 40,000-square-foot addition to its 75,500-square-foot facility at 5405 S. Westridge Court.
The cost of the project is estimated at $3.2 million. The company is seeking industrial development revenue bond financing for the project through the City of New Berlin. The city would act as a conduit for the company to get the bonds, which would enable the company to borrow the funds at a lower interest rate. The city would not be liable for payment of the principal or interest on the bonds.
With the expansion, the company plans to move eight employees from Franklin to the New Berlin facility, according to information filed with the City of New Berlin.