Officials Anticipate Decision Soon on Trivium Project
YOUNGSTOWN, Ohio – A decision is expected in the coming weeks on whether Trivium Packaging USA Corp. will move forward on two new lines at its Youngstown plant.
The global metal-packaging manufacturer is “still in the process of finalizing the deal,” should the project move forward, Ann Halvorsen, vice president, global communications, confirmed in an email Tuesday morning.
“Our estimated timing is for the first line to be installed and running by the end of 2023, with the second line expected by mid-2024,” she said.
Shea MacMillan, vice president of economic development for the Youngstown/Warren Regional Chamber, cited a statement by the company that it expected to finalize the decision by March 31.
The Ohio Tax Credit Authority approved a 1.52%, eight-year tax credit to support the project at its meeting Monday.
The tax credit, worth an estimated $725,000, would support the retention of 394 positions paying $32.7 million and the addition of 93 positions over the next two years generating nearly $6.2 million in annual payroll, according to state documents issued following the state panel’s meeting Monday. The tax credit requires the company to maintain operations at the project site for 11 years.
The documents also indicated that Ohio is in competition with New York and Virginia for the lines, which are tied to the aerosol and beverage markets. Trivium was formed in 2019 with the merger of Exal Corp. and Ardagh Group’s food and specialty business.
The Youngstown plant, which extrudes aluminum to manufacture packaging such as bottles and spray cans for the food, beverage and personal care products industries, opened in 1993. Its customers include Anheuser-Busch, Coca-Cola and other Fortune Top 100 companies.
If Trivium moves forward on the two new lines at its Youngstown plant, they would be in addition to new lines announced at the plant last year as part of a $40 million investment to expand capacity at its plants in Youngstown and Itupeva, Brazil. The Youngstown and Itupeva plants are two of the three Trivium facilities in the Americas that produce aerosol cans and aluminum bottles.
The company cited increased demand for its “sustainable metal packaging solutions” as the reason for its expansion in the Feb. 14, 2022, news release.
Copyright 2023 The Business Journal, Youngstown, Ohio.