A Bedford Park, Ill., company will invest $12.6 million as it looks to install new equipment to keep up with customer demand and competition at its New Haven site.
Corrugated Supplies Co., a paperboard sheets manufacturer, filed an application for a 10-year tax phase-in with the Allen County Department of Planning Services. The abatement would save the company $788,155.
The matter will be introduced to the New Haven City Council on Tuesday. Company officials could not be reached for comment. A conveyor system and boiler are among the equipment upgrades at the New Haven location, 2190 Summit St.
Most of Corrugated Supplies customers use boxes and point-of-purchase displays.
Twenty-seven new jobs will result from the project. The average salaries will range from $39,000 to $75,000 a year. The abatement application lists the New Haven site with 57 workers.
The company expects to have the equipment installed by January.
In 2005, Corrugated Supplies invested $25.5 million and created 60 jobs when it purchased the 474,029-square-foot building in New Haven.
Without the addition of the new equipment, CSC-Indiana may not be able to keep pace with customer demands and competitor capabilities, the application stated.
In the long-term, this would greatly affect the companys competitiveness resulting in a decline in headcount and wages, as well as taxable assets at this site.