By / Ken Elkins
A large paper-making plant southeast of Rock Hill is getting a breath of new life with the infusion of $240 million from its new West Coast owner.
New-Indy Containerboard will extend the production life of a 63-year-old operation in York County by as much as another 40 years, executives say. The facility, which at last count employed about 430 workers, will convert to the production of containerboard used to make cardboard boxes. Founded as Bowater, the operation is located in Catawba.
New-Indy officials first appeared at a York County Council meeting on Nov. 18 with a request for incentives under the project code name of Origami. New-Indy was granted incentives that would cut its county taxes by 60% to $8.8 million a year as it completed the purchase of the Catawba plant for $433 million from Resolute Forest Products (NYSE: RFP). That property tax savings would last for 40 years, according to the agreement signed with York County.
Rick Hartman, New-Indy COO, told The Herald in Rock Hill that the tax incentive was key to saving the jobs at the plant.