Inside INdiana Business

Ag tech company secures Rushville plant

(photo courtesy of Cormo USA)

RUSHVILLE, Ind. (Inside INdiana Business) — Florida-based Cormo USA says it has secured a 108,000-square-foot facility in Rushville that will serve as its first U.S. production site. The company says it has begun initial site improvements and hiring, which will continue through the early summer.

The company is leasing the facility, which will be used to convert corn stover, a crop residue, into value-added products including a sustainable peat moss substitute and a foam-like construction material.

Cormo says the continued improvements to the facility and additional local hires will ensure the plant is ready for equipment installation before the 2020 corn harvest.

“This facility is strategically located in one of the most innovative agricultural areas in the U.S. and Indiana is a major hub for transportation and business, setting Cormo USA up with all the tools it needs to thrive in the long-run,” said Stefan Muehlbauer, chief executive officer of Cormo parent Sustainable Projects Group. “We’re extremely grateful to the City of Rushville and all those involved who helped make this a realization, and we look forward to launching production this fall.”

Cormo says the facility will serve as an interim location for its Rushville operations. The company is continuing plans to build its own plant in the Rushville Commerce Park, with groundbreaking expecting to take place in the spring of 2021.

When plans for the facility were first announced in May 2019, Cormo said it was investing $30 million in the project, which would create up to 250 jobs by the end of 2023.