Trivium plans expansion
YOUNGSTOWN — Trivium Packaging, a global supplier of packaging for the food industry, plans to add two state-of-the-art production lines at its near downtown Youngstown plant to keep pace with growing demand in the aerosol and beverage markets, it announced Monday.
The company would add 93 full-time equivalent employees who would generate about $6.1 million in new annual payroll by December 2025 with the project, according to the Ohio Tax Credit Authority, which awarded a 1.5 percent, eight-year job creation tax credit for the planned expansion.
Ohio is competing with New York and Virginia for the project. The state help, along with a collaborative effort of local and northeast Ohio economic development groups should also help secure the project.
“The collaborative effort with the City of Youngstown, Youngstown / Warren Regional Chamber, ODOD (Ohio Department of Development), JobsOhio and Team NEO provided us the incentives and resources needed to help us make the decision for moving forward with expanding in the northeast Ohio region versus other locations outside of Ohio,” said Matt Bobbey, Trivium Packaging chief financial officer.
The credit would also help Trivium Packaging retain about 394 jobs with a payroll of $32.7 million at the Youngstown facility, 1 Performance Place, on the east end of downtown.
As part of the agreement, the state requires Trivium Packaging to maintain operations at the plant for at least 11 years. The credit is worth an estimated $725,000 if the company meets all of the requirements of the agreement.
“The job creation tax credit is a performance-based credit,” said Dan Bowerman, spokesman for the Ohio Department of Development, of which the tax credit authority is a part. “So, the actual value of the tax credit is based on jobs created and new payroll tax generated, as verified.”
The project is subject to approval of local incentives, according to a release from Team NEO, an economic development organization that serves 18 northeast Ohio counties, and JobsOhio, the state’s private nonprofit economic development corporation.
Youngstown Mayor Jamael Tito Brown said, “Trivium has been an outstanding employer and continues to offer great opportunities for the citizens of Youngstown. This possible expansion will help further the growth of the city of Youngstown.”
Trivium Packaging is a global supplier of recyclable, metal packaging for the world’s leading brands. The company has more than 60 locations worldwide, employs close to 7,500 people with sales of $2.8 billion.
It formed in 2019 with the merger of Exal and Ardagh Groups Food & Specialty Business. It’s focus in on aluminum containers and metal cans for food packaging.
“As one of the country’s top 10 food processing regions, we are confident our workforce, resources and accessibility to key markets will support their continued growth there,” said Bill Koehler, chief executive, Team NEO.