Ohio has beat out two nearby states to land a new plastics plant that expects to create 70 new jobs.
The Ohio Tax Credit Authority approved an incentive for deSter Corp. and its plans for the new manufacturing site in Lima.
The company makes injection molded and thermoformed food service packaging, cutlery, disposable cups, condiment packaging and aluminum products.
The company is receiving a 1.337 percent Job Creation Tax Credit over six years to help spur the new development.
The 70 new full-time jobs are expected to create a combined annual payroll of $2.75 million, the state reported.
The Ohio Development Services Agency called the project a foreign direct investment in a targeted industry for the state. The agency added that Ohio was in competition with West Virginia and Kentucky for the project.
“State support will help ensure that this project moves forward in Ohio,” the agency said. The new project will renovate an existing building in Lima.
The company supplies a wide range of markets across the globe, especially food service and airlines, according to its website. Core markets include quick service restaurants and food processors as well as airlines, rail and hotels.
Lima will be the company's second location in the United States, joining an existing site in Atlanta that is called a regional office and warehousing location on the website.
The company is based in based in Hoogstraten, Belgium. Additional facilities are in Amsterdam, Dubai, Hong Kong and Thailand.
A call to deSter's location in Atlanta was not returned, and local officials at the Allen County Economic Development Group could not be reached for comment.
The company expects the payroll and jobs creation estimates will be reached by the end of 2020. Ohio is requiring deSter maintain operations in Lima for at least nine years as part of the tax credit agreement.