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A food-packaging company announced Tuesday that it plans to spend $380 million to build manufacturing facility in Indiana that will make aluminum beverage-can bodies and employ more than 345 workers by the end of 2023.
Krakow, Poland-based Canpack Group, a subsidiary of Blandon, Pennsylvania-based Giorgi Global Holdings Inc., said it expects to break ground on the planned 862,000-square-foot plant at 2451 W. Fusion Road in Muncie by mid-2021 and be fully operational by December 2022.
Canpack said the plant has the potential to expand to 425 jobs and $490 million by 2025. It be located on 139 acres of land on the southwest corner of South Cowan and West Fuson roads in Monroe Township.
The company stands to receive more than $6 million in state and local incentives if it reaches its hiring goals in central Indiana.
The plant will serve as Canpack’s Midwest base and enable the company to continue its expansion into the United States.
The 29-year-old company has grown from a single plant in Poland into a multinational packaging manufacturer with 8,000 employees in 28 locations, including sites in Europe, South America, India, Africa and the Middle East. Its first U.S. facility will soon be operational in Olyphant, Pennsylvania.
In Indiana, the company plans to begin hiring for skilled and semi-skilled manufacturing and plant management positions in mid-2022.
The Indiana Economic Development Corp., pending approval of its board of directors, plans to off Canpack up to $4.7 million in conditional tax credits and as much as $300,000 in conditional training grants based on the job-creation plans.
The IEDC also will also offer up to $1 million from the Hoosier Business Investment tax credit program based on the company’s planned capital investment in Indiana.
Delaware County also is expected to provide incentives.
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Boy, this is a long overdue shot in the arm for Delaware County and Muncie. This area of the state has really struggled for the past 2 to 3 decades.