Millard Maritime welcomes Incoa to its Theodore site including 70+ jobs
FOR IMMEDIATE RELEASE
July 22, 2020
Mobile, Ala. – Incoa Performance Minerals, a startup manufacturing and processing facility, is moving forward with plans to invest $110.85 million in capital investment and create 74 jobs in the Gulf Coast area over the next five years. Incoa will be located at Millard Maritime’s 300-acre multi-use site, situated near Mobile with access to deep water, rail, barge and close proximity to the interstate system.
“The value proposition is its central location on the Gulf Coast with good rail, barge and relative distance from a major interstate,” said Tyson Creamer, Incoa’s chief operating officer.
The company specializes in manufacturing and processing minerals that go into the products we use every day – paper, plastic, paints, glass, film wrappers and more. Incoa’s high-demand product is not currently being manufactured in our region, making this startup company highly anticipated.
“Mobile and the Gulf region continue to experience strong growth in logistics and transportation,” said Brad Hall, president of Millard Maritime. “Our partnership with Incoa is another important step in expanding that growth.”
Backed by private equity firm Peterson Partners of Salt Lake City, Utah, Incoa decided on the location in 2019, and recently received funds to begin construction and development for their facility at Millard Maritime.
“It’s great when we can connect an economic development project to an existing company with logistical assets in place like Millard Maritime,” said Shelby Glover Zaricor, the Chamber’s director of business development. “Millard’s infrastructure and involvement were key.”
For more information about Millard Maritime or the Incoa addition, please visit millardmaritime.com.
About Millard Maritime
Millard Maritime is a privately owned and operated port facility located near Mobile in Theodore, Alabama. The port features a large marine terminal, a 1,600-foot wharf, and bulk, liquid and break-bulk loading/unloading with easy rail, interstate and barge access. Our services include container stripping and loading, in-house stevedoring and export/import capabilities.