Canadian Conforce International Investing $13.8M in Peru, Indiana
10/20/2010
The facility will be the Canadian company's first in the United States. Conforce will invest $13.8 million to purchase and equip an existing 155,000-square-foot space.
"Conforce is excited to call Peru its new home for the production of EKO-FLOR. The Indiana Economic Development Corporation [IEDC] has provided an economic environment which we believe will be conducive to the growth of our operations. The IEDC has also presented a compelling case for further expansion in Indiana as the demand for EKO-FLOR increases," said Marino Kulas, Conforce chairman and CEO.
The Indiana Economic Development Corporation has offered Conforce up to $865,000 in performance-based tax credits and up to $57,500 in training grants. Miami County will consider additional property tax abatement at the request of the Miami County Economic Development Authority.
EKO-FLOR, Conforce's flagship product, replaces hardwood floors in shipping containers.
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