Ardagh Group signals US$71m spend on Indiana plant
Ardagh Group is to invest around US$71m at one of its US glass manufacturing facilities.
The capital investments will be made over three years at its Winchester, Indiana, plant but the firm did not disclose precisely how the money will be spent. Ardagh agreed on the investment after it got approval for incentives from the City of Winchester, Randolph Economic Development Corp (REDC) and the Indiana Economic Development Corp.
The agreements include a tax abatement of around $6.1m over ten years from the City of Winchester and a grant of $300,000 from the REDC for local equipment purchases and training of employees.
“This level of investment in a single glass manufacturing facility in such a brief period of time is unprecedented for Ardagh Group and extremely rare in our industry,” said John Riordan, president & CEO of Ardagh Group, Glass – North America.
Ardagh currently employs around 400 people at its Winchester facility.
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