Micro Plastics, Inc. to Establish New Manufacturing Facility in North Arkansas

The Flippin, U.S.-headquartered Micro Plastics, Inc., currently having nearly 400 employees, is going to invest USD 2.4 million to set up a new manufacturing facility in Melbourne, Arkansas. The production of the new facility, according to the company, is expected to begin in Q1 2016. The Arkansas Economic Development Commission (AEDC) said that Micro Plastics will receive an USD 200,000 worth of economic infrastructure fund grant, along with income tax credits based on payroll of new jobs, sales tax refunds on building materials and machines. Micro Plastics, Inc. is a world leading and the largest nylon threaded fastener manufacturer. Its product range includes screws, nuts, electronic components, cable ties, etc.