Home Trends Business Summit Packaging Systems to Invest USD28m in U.S. Facility Expansion

Summit Packaging Systems to Invest USD28m in U.S. Facility Expansion

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Summit Packaging Systems is proposing an expansion of its current Racine facility, which would create an estimated 145 jobs, Racine County Economic Development Corporation said in a recent news release.

The company has been an area employer since 1987 and moved to its current location in 2010. Since the relocation, it has grown from 50 to over 200 employees.

“For all communities we operate in, one of our top priorities is to work with local organizations to facilitate investment and development of the local workforce,” said Scott Gilroy, the company’s vice president of operations. “The city of Racine – and Racine County as a whole – provides companies like ours unparalleled resources to succeed.”

The new district around Summit Packaging Systems’ Racine location will enable the city to provide a financial incentive to Summit Packaging Systems. The increased property increment created by the company’s investment will result in new property tax revenue that the city proposes to share with Summit Packaging Systems on a pay-as-you-go basis for a period of 10 years.

Summit Packaging Systems evaluated expansion options in New Hampshire and Wisconsin. According to Michael Conway, the company’s chief financial officer, proximity to the company’s Midwest customer base played a major role in choosing the proposed Racine County location.

Following approval, construction is planned to begin in April.

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