DevTech PET, a subsidiary of custom plastic preforms and containers producer Envases Universales, is set to lease a manufacturing facility in Hanover Township, Pennsylvania, US, with an aim to expand its operations in the region.
A sum of $18.1m will be invested by the company to lease the 120,000ft² facility.
The entire expansion project will include the leasehold, infrastructure improvement, and installation of new equipment.
DevTech said the expansion would create 32 new full-time jobs in the next three years.
Envases Universales PET Division CEO Antonio Donnadieu said: “We are looking forward to the successful expansion of our manufacturing facilities in Pennsylvania, and very grateful for the support, guidance, and incentives to materialise this project.”
The company has secured a funding proposal from the Pennsylvania Department of Community and Economic Development for the project.
The proposal includes a Pennsylvania First Programme grant of $150,000, a sum of $96,000 in Job Creation Tax Credits upon creation of new jobs, and $21,600 in WEDnetPA funding for employee training.
The project will be coordinated by the Governor of Pennsylvania’s action team along with Lehigh Valley Economic Development (LVEDC).
Lehigh Valley Economic Development president and CEO Don Cunningham said: “They are a perfect fit for the Valley’s economy, where the food and beverage sector has grown rapidly during the last decade.
“The region’s location, workforce, infrastructure, and water and sewer resources have made it an East Coast hub for manufacturing and distribution.
“DevTech will be a great addition to a vibrant and growing economy.”
DevTech currently has 95 employees, while Envases Universales employs around 5,800 staff worldwide.