EVANSVILLE, IND. (May 9, 3:45 p.m. ET) — Berry Plastics Corp. will spend $4.4 million to expand production at its Richmond, Ind., injection molding plant.
The company will purchase additional equipment and add 10 jobs at the facility, according to a news release from the Economic Development Corp. of Wayne County, Indiana.
Berry received a $71,850 Economic Development Income Tax grant from the county to help finance the expansion. The grant, which is funded by income tax dollars, will be used to off-set the cost of new equipment and required workforce training.
“Berry has been in Richmond for a really long time, so to help them expand is a good thing for the community,” said Renee Doty, manager of community affairs for the EDC.
The grant requires final approval from the Wayne County Board of Commissioners, who will vote on the grant at their May 9 meeting, Doty said.
The Richmond plant manufactures food-grade packaging and does container printing. It has approximately 240 employees, Doty said.
Berry officials would not comment on the expansion.
Berry, based in Evansville, has 88 U.S. plants and operates in 13 locations internationally. One of North America's packaging giants, the company posted sales of $4.65 billion in 2011. In March, the company filed plans for an initial public offering.
