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Loan paves way for new manufacturing plant in Hazelwood

The Hazelwood City Council on Wednesday approved a $1.4 million loan agreement for Silgan Plastics Corp., a Chesterfield-based plastic bottling and packaging company, to help finance a new manufacturing facility on the site of the former Ford Motor Co.

Hazelwood lawmakers also got the ball rolling on $13 million in industrial revenue bonds that would ultimately help Silgan move into a 500,000-square-foot building in Hazelwood’s Aviator Business Park on the former Ford site. Silgan’s manufacturing facility will take up about 335,000 square feet of the building.

Silgan’s new production facility in Hazelwood should be operational by September, officials said. It will add 120 manufacturing jobs with a payroll of $4.3 million dollars and add $300,000 in revenue to Hazelwood’s General Fund on a yearly basis, according to Hazelwood officials.

[St. Louis Business Journal]