Food bags manufacturer Innpack has announced plans to establish packaging operations in Mississippi, US, in a move that will create around 23 new jobs.
As part of its plans, the company acquired a new building in Olive Branch to replace its existing rented factory in Tennessee.
Go deeper with GlobalData
Mississippi Governor Phil Bryant said: "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."
The $2m project has been backed by Mississippi Development Authority for building improvements and one-time relocation costs.
The city of Olive Branch and DeSoto County also provided ad valorem tax exemptions for the project.
Innpack CEO Joshua Ahn said: "With our new manufacturing plant in the city of Olive branch, we are proud to serve safe and strong food packaging bags to US customers right here in the state of Mississippi.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"I believe Mississippi’s strong business climate will help us grow our business."
Innpack manufactures flexible packaging for the food industry, including plastic and natural fibre processes. The company primarily serves bulk rice producers and marketers.
Image: Innpack offers flexible packaging primarily for bulk rice producers and marketers. Photo: courtesy of Keerati / FreeDigitalPhotos.net.
