Michigan Packaging Company in
has invested $4,760,000 in a cutting-edge technology that will help keep the company competitive, add jobs and reduce energy consumption.
“It’s allowing them to market cost-effective packaging throughout the region and maintain their services,” says Mason City Administrator Martin Colburn, “whereas some of their competitors have gone out of business.”
The technology will impact litho-lamination, the point of purchase display market and adhesive application and is projected to reduce energy consumption by 35 percent. The $4.76 million investment includes $125,000 for foundation and structural changes, as well as $4,635,000 in equipment purchases and installation. The current employer of 122 workers expects to create five new jobs with the investment.
The Mason City Council approved an Industrial Facilities Exemption for MPC, which enables businesses to renovate and expand aging facilities.
“I see it as advantageous for the whole region by allowing them to offer cost effective services to the growing industry,” says Colburn. “That includes the automotive industry and other industries.”