Archive for Thursday, October 5, 2000

Communicolor building sold

HP Pelzer makes Intech Business Park purchase

October 5, 2000

HP Pelzer Inc. has finalized the purchase of the R.R. Donnelley building, bringing both a business and jobs to Eudora closer to reality.

Debi Moore, senior vice president, economic development, Lawrence Chamber of Commerce, has been working with HP Pelzer in bringing the company to Eudora. Moore said the purchase of the former Communicolor building at Intech Business Park was finalized last week. She has been in contact with company owners through email.

"They should have a timeline done maybe yet this week," Moore said. "I can't tell you exactly when HP Pelzer is going to start hiring and moving machinery in. They're just trying to get all their ducks in a row so they can get equipment ordered and in there and starting hiring people."

Hp Pelzer will be financed through industrial revenue bonds, issued by the city, which are tax exempt, Moore said. In lieu of taxes, the company will repay the bond debt for 10 years on 50 percent of the building and 20 percent of machinery and equipment valuations.

HP Pelzer manufactures insulation, trim and carpet for automobile manufacturers such as General Motors, BMW, Volkswagen and Daimler-Chrysler. The company would cater to GM and Ford plants in Kansas City, Mo. The company plans to employ 180 workers within three years with the exception of seven corporate employees to get the plant started. Employees would have an average salary of $26,000.

Moore said company officials said maintenance mechanics workers would be hired first to learn of the equipment and assist with installation.

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