Betz Industries granted 12-year tax abatement for new expansion project.As a method to ease the cost of its expansion project, Betz Betz may refer to:
With respect to estates, an abatement is a proportional diminution or reduction of the monetary legacies, a disposition of property by will, when by the Walker, Mich., City Commission. The iron casting company anticipates the tax break will allow it to save $42,000 after the first year. Betz broke ground on a 33,440-sq.-ft. expansion in October to make room for a $2.5 million building and $2.36 million in equipment, including a new nobake molding line. The expansion will allow the company (currently operating in a 500,000 sq. ft. facility) to increase its casting tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. output by 20% for the machine tool and tool and die markets. Betz plans to have the plant expansion complete and in operation by March 2006. |
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