Berry Plastics has announced a $20 million capital improvement plan for its manufacturing facility in Franklin, where it produces a variety of adhesive products.
The scope of the plan includes initiatives to improve the facility’s environmental footprint, replace antiquated and energy-consuming equipment with state-of-the-art manufacturing equipment, enhance production and ensure job retention at the plant, which employs 460.
The company has been approved for $10 million in tax incentives under the recently implemented Kentucky Industrial Revitalization Act (KIRA).
KIRA, a 10-year incentive program, is intended to assist in the rehabilitation of manufacturing or agribusiness operations that are in imminent danger of permanently closing or that have closed temporarily, and where at least 25 jobs are created or maintained.
Berry Plastics has operated its Franklin plant for more than 53 years and is the oldest industry in Franklin.