American Packaging to expand in Story City
STORY CITY, Iowa — American Packaging Corporation (APC) will expand its facility and add two new printing presses, a triplex laminator and ancillary equipment in Story City, a project that will create 94 permanent jobs.
APC is an integrated, flexible packaging converter specializing in flexographic and rotogravure printing, multi-ply extrusion and adhesive lamination of film, paper and foil. The company expects to invest $44 million in the expansion, giving the facility additional capacity to enable growth.
The Iowa Economic Development Authority approved a $470,000 forgivable loan under the state’s High Quality Jobs Program, in addition to tax abatements amounting to $727,000. Under the terms of the grant, APC will create 94 jobs at an average qualifying wage of $23.21 per hour.
Based in Rochester, New York, APC employs more than 650 workers, with 176 in Story City.
Photo courtesy of American Packaging Corporation
Source: Ames Tribune