Tuesday, April 16, 2024
HomeRegional and local newsIndianaWeb Industries spends more than $8 million to expand Ft. Wayne...

Web Industries spends more than $8 million to expand Ft. Wayne manufacturing plant

Web Industries, a global supplier of flexible material converting and end-product manufacturing services,  is investing more than $8 million to expand its current 110,000-sq. ft. manufacturing facility at 3925 Ardmore Ave. in Fort Wayne.

Construction is currently underway to add an additional 50,000 sq. ft. and is expected to be completed by the end of the year. The new space will support multi-color printing and large format spooling assets, which are part of the company’s converting and manufacturing processes.

The Indiana Economic Development Corporation (IEDC) said in a news release that it has offered Web Industries Fort Wayne Inc. as much as $70,000 in conditional tax credits based on the company’s job creation plans. These tax incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Fort Wayne will consider additional incentives at the request of the Greater Fort Wayne Inc.

- Advertisment -

Most Popular

Recent Comments