Berry Plastics relocates production

Source：Berry Plastics Group, Inc. Release Date：2014-01-14 211

Plastics & Rubber

Berry Plastics Group plans to transfer manufacturing equipment to Indiana facilities

Berry Plastics Group, Inc. announced plans to further optimize production and relocate manufacturing equipment to four of its Indiana manufacturing operations. The company will invest approximately $31 million for new infrastructure and equipment, and will also transfer existing equipment from other Berry Plastics facilities.

The project will begin in early 2014 and will result in the addition of more than 330 production jobs, over the next two years, at the Company’s downtown Evansville, Evansville airport, Princeton, and Richmond facilities located within Vanderburgh, Gibson, and Wayne counties in Indiana.

The relocation of production equipment to Vanderburgh, Gibson, and Wayne counties from other Berry facilities supports the company’s restructuring efforts, which were announced in November 2013.

To encourage the investment and job creation in Indiana, the Indiana Economic Development Corporation (IEDC) offered the Berry Plastics a grant up to $300,000 to facilitate job skills training and $2.35 million in Economic Development for Growing Economy (EDGE) tax credits which may be certified over the next 10 years. In addition, the City of Evansville offered the company a 10-year Tax Phase-In on real property investment, with an estimated value of $1.7 million, and a Modified Schedule of Tax Abatement on personal property investment, with an estimated value of $2.8 million. The City also offered a Hiring/Training Grant with a maximum of $100,000.

Entrainement Nike