The Dallas Morning News reported that Dallas estimated the project would generate more than $1.8 million in net revenue over the course of 10 years. It also explained the proposed incentives in detail: The economic incentives proposal from Dallas includes $1.3 million in property tax abatements for up to 10 years for Vistaprint Manufacturing Texas and project developer Becknell Industrial Operating Partnership. Becknell would develop the land and lease it to Vistaprint for 10 years, with an option for the company to buy the plot outright. The city's economic development incentives package also includes up to $300,000 in Chapter 380 economic development grants to assist Vistaprint with workforce training programs for Dallas workers. On June 13, The Dallas Morning News reported that the Dallas City Council voted in favor of the incentives to prompt Vistaprint to build its facility in the area. Click Read More below for additional information.
Komori announced that Nosco®, a full-service packaging solutions provider, has purchased a nine-color Lithrone GX40RP advance (GLX940RP advance) dedicated two-sided press, with coater and LED-UV curing. Headquartered in Gurnee, Illinois, Nosco is a subsidiary of Holden Industries, Inc., which is a 100% employee-owned company. Investment in the new press is part of Nosco’s bold growth plans to scale up folding carton production at its Wisconsin-based Packaging Innovation Center by 125 million units in 2023. In support of that goal, the GLX940RP advance is uniquely configured to meet the specific needs of the company’s rapidly expanding pharmaceutical packaging business, which serves more than 450 of the major pharmaceutical companies across the United States. The GLX940RP advance, a recipient of the industry-renowned InterTech™ Technology Award, is a dedicated two-sided printing press that makes it possible for Nosco to provide up to eight-color printing on the outside and one color on the inside of the package that many pharmaceutical packaging applications require.
“We made the investment in the Komori GLX940RP advance because we are seeing a lot of new growth in the number of drug products coming to the market,” said Craig Curran, president of Nosco. “We needed the extra capacity to support this growth. We chose a Komori press due to our experience with the purchase of the Komori GLX640 in 2018. The productivity of this press has been outstanding. We have great uptime on that machine with little to no maintenance issues. The print quality and color consistency are superb. Our team is confident that this new press will be a winner for us as well. We are particularly excited about its advanced automation features and the non-stop production capability gained with the logistics system that is integrated with the feeder, delivery and press controls, especially since our market has been moving towards longer runs and new products.”
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