Tate & Lyle, a global provider of ingredients and solutions to the food, beverage and other industries, announced plans for a further expansion of its Lafayette, Ind., operations, investing $65 million by 2016.
The London, UK-based company will install new equipment at its Lafayette South facility, significantly expanding production of its KRYSTAR® Crystalline Fructose sweetener to meet growing demand in the Americas and Asia. In addition to the expansion, the company will also phase in environmental efficiencies as part of the investment. Tate & Lyle, which currently employs more than 500 Indiana associates, plans to add eight new positions to the local workforce.
“Today’s announcement shows that when you build a business climate like ours in Indiana, companies will travel the world to do business here,” said Governor Mike Pence. “Meeting with executives at Tate & Lyle last summer in London, it was clear that their plans fit with what we’re doing here in Indiana to promote business growth. With lower taxes keeping expenses down and our industrious workforce maintaining quality, international companies like Tate & Lyle find their advantage in Indiana.”
This announcement marks Tate & Lyle’s second Indiana expansion within the last year. During his jobs and economic development mission to the UK last July, Pence joined executives from Tate & Lyle in London to discuss the company’s plans to invest more than $90 million into its Lafayette Sagamore facility for a number of projects, including an increase of its specialty food starch production capacity.
“This expansion not only allows us to stay ahead of the global demand for crystalline fructose, but also gives us the opportunity and flexibility to continue to grow within the North American and emerging markets,” said Joan Braca, president of specialty food ingredients at Tate & Lyle. “We’d like to thank both the state of Indiana and the city of Lafayette for their ongoing support of projects like these and look forward to our continued relationship with them.”
Founded in the UK in the mid-19th century, Tate & Lyle produces a range of texturants, sweeteners, health and wellness products and industrial ingredients, many of which are made from corn, for customers around the world. The company’s global network of more than 30 production and research facilities includes two manufacturing facilities in Lafayette, along with grain elevators in Francesville and Fowler, Indiana.
The Indiana Economic Development Corporation offered TLHUS, Inc. up to $250,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Lafayette approved additional tax abatement at the request of the Greater Lafayette Commerce.
“Tate & Lyle continues to be one of Lafayette’s leading businesses,” said Lafayette Mayor Tony Roskwarski. “This latest investment and pledged job creation is one of many investments that the company has made here in their local plants. It is a testament that Lafayette is good place to do business. We appreciate their confidence and support of the Lafayette plant and our community.”
Out of all U.S. states, Indiana ranks sixth in the nation for investment from UK-based companies, with 29,000 Hoosiers employed by more than 80 UK firms like Tate & Lyle. The UK is Indiana’s largest European investor and second largest globally.