PORTAGE | The Portage City Council last week approved a tax abatement for the expansion of Carmeuse Lime and Stone.
The company is located at 165 Steel Drive in the Port of Indiana.
Site Operations Manager Ron Vessell said the company is planning on adding two new mills to the facility, which will expand its operational capacity from 500,000 tons to 800,000 tons per year. The expansion is a $10 million investment.
The company grinds limestone into powder. The powder is used by NIPSCO in its scrubbers to reduce emissions.
While the company will not be hiring additional employees, said Vessell, the expansion will have a direct effect on the local economy.
Vessell said the company pays dockage fees at the Port of Indiana. With additional boats of limestone rock coming to the facility from upper Michigan, Carmeuse will pay additional fees. It will also require additional longshoremen to offload the product and additional security personnel will be needed. Also, the expansion will provide additional jobs for trucking companies.
The council approved a five-year abatement for personal property and a 10-year abatement for real estate.