Terre Haute Economic News

Taghleef Industries and AET Sign Agreement

Taghleef Industries to Acquire Applied Extrusion Technologies

Dubai, UAE and Wilmington, DE USA - April 5, 2012

Taghleef Industries and Applied Extrusion Technologies, Inc. (AET Films) today announced that they have reached agreement for Taghleef to acquire AET Films. The transaction, which was approved by the Board of Directors of both companies, is subject to regulatory approval and is expected to close by the end of the second quarter, 2012. Houlihan Lokey is serving as the exclusive financial advisor to AET Films and its shareholders in this transaction.

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NantWorks News Release

NantWorks to Invest $85.5 Million in New Vigo County Facility

TERRE HAUTE, Ind. - The pharmaceutical company NantWorks plans to invest $85.5 million to redevelop the former Pfizer facility on approximately 210 acres on the south side of Terre Haute. The new manufacturing plant, which is expected to be operational in 2015, will produce critical care injectable and oncological drugs.

 

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Multinational Packaging Firm Consolidating Operations to Terre Haute

Bemis Selects Terre Haute for Expansion

TERRE HAUTE, Ind. - In 1858, the company was established in St. Louis, Mo. as a manufacturer of machine sewn cotton bags for milled food and grain products. Bemis, which operates 80 facilities in 12 countries, constructed the Terre Haute facility in 1956 to produce polyethylene packaging.

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Terre Haute, Indiana

Incentives

The Terre Haute Economic Development Corporation works closely with local and state officials to develop customized packages that meet the needs of business and the interests of the community.  The scope of project incentives is based on number and type of new jobs created or retained in Indiana, and new capital investments made in the community.

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Contact

Terre Haute EDC
630 Wabash Avenue, Suite 101
Terre Haute, Indiana 47807

Steve Witt, President
Phone: (812) 234-2524
Fax: (812) 232-6054
E-mail: info@terrehauteedc.com

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