Tate & Lyle, a global agribusiness based out of London, is investing $90 million to update its manufacturing plants in Lafayette, Indiana, according to the Indianapolis Star. The upgrades include expanding the buildings in order to increase production capacity. Updating the facilities will also allow Tate & Lyle to improve the efficiency of its manufacturing process.
The company expects construction to be finished by 2017. Tate & Lyle currently employs 500 workers in Indiana and anticipates the need for at least 10 more workers in the coming years.
The Indiana Economic Development Corporation approved a conditional tax credit worth up to $375,000. The city of Lafayette has also approved a property tax abatement, according to the Indianapolis Star.
"Tate & Lyle continues to be one of Lafayette's leading industries," said Lafayette Mayor Tony Roskwarski, according to Area Development. "This latest investment and pledged job creation is one of many investments that the company has made here in their local plants. It is a testament that Lafayette is good place to do business. We appreciate their confidence and support of the Lafayette plant and our community."
Businesses expanding their operations should work with manufacturing recruiters to find the most qualified candidates for their open positions.