CLEARFIELD, UTAH (Oct. 14, 2:15 p.m. ET) — Lifetime Products Inc. is starting a $41 million project to expand its manufacturing capacity in
The company will expand what is currently warehouse space and will use 40,000 square feet of space in phase one of the project, according to Bob Adams, vice president of plant engineering.
A spokeswoman said in an email that at least three, possibly four, blow molding machines will be added in the first phase as Lifetime adds capacity for both existing and new customers.
The company's plastics operation currently occupies 120,000 square feet of space and includes more than 20 blow molding machines.
Lifetime has agreed to add 142 workers in the next 10 years, as part of an agreement with the Utah Governor's Office of Economic Development,
“It is exciting to see that after serious competition from other national and international locations, Lifetime has decided to expand in its home state of
Lifetime said it is a leading manufacturer of residential basketball equipment and polyethylene folding tables and chairs. It also makes outdoor storage sheds, playground equipment, composters, wheel barrows, soccer goals, tetherball systems, kayaks and paddleboards.
The GOED board has authorized a post-performance refundable tax credit of $3,193,591 for the new and retained jobs as well as the expansion of the manufacturing facility. The payment covers a 20-year life span and it is expected that Lifetime will pay in excess of $12 million in state taxes over that period.
Lifetime is celebrating its 25th anniversary and the privately held company is headquartered in