JV called Heartland Sheets investing US$23.4M to set up new corrugated sheeting plant in Kansas City, Missouri, by June, under management of Schwarz Partners' unit Sheets LLC; project awarded US$15M in tax-exempt revenue bonds

LOS ANGELES , April 30, 2012 () –

A plant that makes corrugated sheeting for boxes is to be established in Kansas City, Missouri, by a joint venture called Hartland Sheets LLC, reported The Kansas City Star on April 26.

The operation, which will occupy a 127,000-square-foot building, is slated to start up in June. It will be managed by Sheets LLC, a subsidiary of Indianapolis, Indiana-based Schwarz Partners LP.

Plans call for Hartland Sheets to spend US$23.4 million on the facility, including $12.2 million on equipment and $1.6 million on installation, according to the city, The Kansas City Star reported.

On April 26, the Kansas City Council approved $15 million in tax-exempt industry revenue bonds to help the project. The city also approved a 75% property tax abatement for the development.

The plant is expected to provide 43 full-time jobs at an average annual salary of $49,000.

Company officials were not available for comment, reported The Kansas City Star.

The primary source of this article is The Kansas City Star, Kansas City, Missouri, on April 26, 2012.


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