Indiana Packers Announces $40M Expansion
Pence joined executives in Tokyo for the announcement.
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndiana Packers Corp. has announced plans to invest more than $40 million in its Delphi operations and create more than 90 jobs by 2016. Governor Mike Pence joined executives from parent company Mitsubishi Corp. in Tokyo today to make the announcement.
The company processes pork and bacon for customers in the United States, Japan and Mexico. Indiana Packers Corp. has Indiana operations in Delphi and Frankfort and employs more than 2,000 Hoosiers. The company, which was founded in 1991, says it produces 3.5 million pounds of fresh pork daily.
The Indiana Economic Development Corp. has offered the company more than $500,000 in conditional tax credits and training grants based on the job creation plans.
In a release from the IEDC, Governor Mike Pence said, “International companies like Indiana Packers Corporation are choosing to locate and grow in the Hoosier State because they recognize the benefits of our low-cost, low-tax business climate. Since leading my first jobs mission to Japan in 2013, more than 18 Japan-owned companies have announced plans to create 2,500 new jobs in Indiana. And, in light of recent conversations with executives here in Japan, I anticipate even more jobs announcements in the coming months as a result of this trade mission."