US company East Penn plans to break ground on new lead-acid battery facilities in the state of Iowa.
Construction of the 318,600-square-foot facility is due to begin next spring in Oelwein, and finish by summer 2018.
Back in August BEST reported how the representatives from Iowa were trying to entice the Pennsylvania based firm to the state where it already has a distribution centre.
East Penn’s decision to invest in the state comes after the Iowa Economic Development Authority authorised more than $3 million in tax credits, plus $1.75 million in direct financial assistance.
East Penn hopes the facility will enable it to grow its distribution and lead-acid battery Fill, Form and Finish capabilities.
