US-based metal packaging technology giant Crown Holdings will be setting up a can manufacturing facility in the country with an investment of $132.8m.
The firm will be developing the new plant in the Tioga County Industrial Park, which is in Nichols, New York.
The facility will house two beverage can manufacturing lines and is expected to open up 160 new jobs by 2018.
It aims to increase the firm's current production capacity for speciality beverage cans, which will help it to meet the demands in the strategic North American markets.
New York Governor Andrew M Cuomo said: "Smart investments in advanced manufacturing are driving growth in the Southern Tier and further cementing New York's position as a global leader in 21st century technology and innovation.
"This new facility will create good paying jobs in the Southern Tier and will help move the region forward."
The facility has been proposed to be built in the state of New York, since it offered a package of performance-based incentives for the company.
The package includes up to $8.1m in Excelsior Jobs Program tax credits and a capital grant of up to $6.9m.
Crown's new project involving construction of the can manufacturing plant is also being supported by the Tioga County Industrial Development Agency under its PILOT program. It is also in line with the Southern Tier Regional Economic Development Council's strategic plan.
Utility installations at the project site are being carried out in co-ordination with the New York State Electric & Gas Corporation (NYSEG), which will also be offering an economic development Energy Infrastructure Grant for the works.
Image: The new Crown Holdings facility will house two beverage can manufacturing lines. Photo: courtesy of Salvatore Vuono via FreeDigitalPhotos.net.