LCI Rethinks Growth Proposal

This article is from our older website archives. Some content may not be formatted or attributed properly. Please Contact Us if you feel it needs to be corrected. Thank you.

Officials at Lippert Components Manufacturing Inc. have had a change of mind that is leading to a change in venue, according to the Fort Wayne Journal Gazette.

The Elkhart, Ind., company this year had said it would invest $19.1 million to build a new 380,000-square-foot industrial plant at Ryan and Edgerton roads in New Haven.

But now the company will make a smaller investment instead in the bigger former Nestle plant at 2909 Pleasant Center Road in southern Allen County, said Elissa McGauley, Allen County director of redevelopment.

Lippert said it is investing $10.87 million in the former Nestle site – $2 million in improvements to the real estate, including a 764,177-square-foot building, and $8.8 million in new equipment.

That is about $8.2 million less than the company said it would spend on building from scratch at the New Haven site. But the building is about twice as large and the equipment expenditure $5 million more.

Related Articles

Back to top button