Korea-based Innpack, Inc., a manufacturer of flexible packaging for the food industry, including plastic and natural fiber processes, invested $2 million to locate its manufacturing operations facility in Olive Branch, Mississippi. The company currently has operations in Memphis, Tennessee, where it rents a facility.

Innpack purchased its new production facility in Olive Branch and will move 23 jobs at the Memphis location to Olive Branch over the next several months. The Mississippi Development Authority provided assistance in support of the project for building improvements and one-time relocation costs. In addition, the city of Olive Branch and DeSoto County provided assistance in the form of ad valorem tax exemptions.

“Our company has invented the inside laminated tubular pp woven bag first in the world, and through the continuous research and development, we are keeping the world’s first place in this field,” said Innpack CEO Joshua Ahn. “With our new manufacturing plant in the city of Olive branch, we are proud to serve safe and strong food packaging bags to U.S. customers right here in the state of Mississippi. I believe the Mississippi’s strong business climate will help us grow our business.”

“Innpack’s decision to purchase a facility and locate these operations in Olive Branch further strengthens my position that Mississippi is open for business, and our strong business climate encourages new investment and business growth in all areas of the state,” Governor Phil Bryant said. “I thank the Innpack team for selecting Olive Branch as the location of its new home.”

“MDA takes pride in using our resources to best meet the needs of companies from around the world as they locate or expand in Mississippi. Innpack is the first Korean company MDA has assisted in locating to the state, and we wish the company many years of successful operations in Olive Branch,” said MDA Executive Director Brent Christensen. “We thank our partners at the city of Olive Branch, DeSoto County and the DeSoto County Economic Development Council for working to bring this great company to our state.”