Dak Americas LLC, an integrated producer and recycler of polyethylene terephthalate (PET) resins that is based in Charlotte, North Carolina, has announced plans to expand its facility in Richmond, Indiana. According to a news release from DAK Americas LLC, the PET recycling company plans to invest $32 million and to hire 30 full-time employees at the facility by the end of 2021.

The Economic Development Corp. (EDC) of Wayne County, Indiana, reports that it plans to provide a $140,000 Economic Development Income Tax (EDIT) grant to help Dak Americas with costs associated with the purchase of new equipment and machinery, building construction, adjacent land and training of new and incumbent employees.

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