Graphic packaging specialist Menasha Packaging has announced plans to expand its facility in Hartford, Connecticut, US.
The company will invest around $5m in the expansion, which is expected to create more than 70 new jobs.
The proposed expansion will see the installation of new machinery and equipment, as well as a third shift, to increase production to cater to the increasing demand for the company’s products.
Menasha Corp president and CEO Jim Kotek said: "We are proud of our 165-year Wisconsin heritage and the strong work ethic of our Wisconsin employees that has allowed us to provide outstanding service to our customers and remain competitive in our markets.
"We continue to grow with our customers and we will invest in facilities, equipment and in jobs where we have strong employee knowledge and commitment."
The Wisconsin Economic Development Corporation (WEDC) will offer nearly $502,000 in tax credits to the company over the next three years.
However, the actual amount will depend on the number of jobs the company is able to create during that time.
WEDC secretary and CEO Reed Hall said: "WEDC is pleased to work with Menasha Packaging to help the company expand its operations and create more jobs for the region and the state.
"In the last year, our economic development tax credits have helped more than 60 companies create and retain around 12,000 jobs, and it is gratifying to see another company use this programme to help grow Wisconsin’s economy."
Menasha Packaging currently operates more than 30 facilities across the nation and employs more than 2,400 people.
The company provides packaging solutions to such industries as consumer packaged goods, retail, food and over-the-counter pharmaceutical markets.