Tuesday, May 8, 2012

Zentis Food Solutions Offered Tax Credits for Expansion in Plymouth

From Inside INdiana Business:

Zentis Food Solutions North America, LLC, a global producer of fruit preparations for the bakery and dairy industries, announced plans today to expand its operations here, creating up to 67 new jobs by 2014.

The company, a subsidiary of Germany-based confectioner Zentis GmbH, will invest $15.6 million to expand its production capabilities to include a new allergen production line, bulk sugar handling system and mixing vessels. As part of the project, the company will also make building renovations at its 180,000 square-foot facility in Plymouth.
...

Established in Plymouth in 2006 as the company's solitary North American operation, Zentis currently produces more than 10 million pounds of filling and preparation products monthly. The century-old parent company operates additional production facilities in Poland and Hungary and sales offices in Russia and China.

The Indiana Economic Development Corporation offered Zentis Food Solutions North America, LLC up to $450,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Plymouth approved additional property tax abatement at the request of the Marshall County Economic Development Corporation.
...

The expansion of Zentis in Plymouth is the latest in a string of jobs announcements in northern Indiana's manufacturing industry. Just two weeks ago, Selected Furniture, a manufacturer of commercial furniture, announced plans to relocate its operations from Chicago, Ill. to Starke County, creating up to 100 new jobs by 2014.

http://www.insideindianabusiness.com/newsitem.asp?id=53566