BFGoodrich to invest $100M at Woodburn plant
According to a filing with Allen County government, the plant at 18906 Old U.S. 24 plans to put $20 million toward upgrading its process and equipment; $23.5 million toward improving its production and efficiency; $18.5 million toward improving its quality verification; and $38 million toward tooling and molds. The investment will not produce new jobs, however, according to the filing.
Allen County Council on Thursday will consider a request for tax relief related to the plans. Michelin-owned BF Goodrich will request a tax savings of $3.5 million in personal property taxes over 10 years. It would pay $2.34 million in taxes over the period, if approved.
The plant currently employs 1,600.
A BF Goodrich spokesman would not comment further on the investment.
Allen County Commissioner Nelson Peters told The News-Sentinel that the investment shows BF Goodrich’s commitment to the region.
“It certainly ensures the plant’s longevity in our community,” Nelson told the newspaper.
This is not the first major investment BF Goodrich has made at its Woodburn plant. In 2008, the tire maker announced that it would invest $53 million in new equipment. It added 60 jobs through that plan