Ring Container opening Hagerstown manufacturing facility.
Byline: Adam Bednar
Ring Container Technologies is retrofitting an industrial property in Washington County into a manufacturing facility. The Hagerstown property will be the Tennessee-based plastic container maker's 18th manufacturing site. Ring Container Technologies plans to add 19 jobs in Maryland and start operations later this year. According to a posting on commercial real estate site LoopNet, the building at 16522 Hunters Green Parkway is a 487,000-square-foot warehouse. By locating our facilities closer to our customers, we are able to better meet their needs and support them in future developments, Jeff Ullrich, executive vice president of sales and marketing said in a statement. We believe that opening a new plant in this area is a great opportunity not only for our company, but also for our customers and the Hagerstown community as a whole. The industrial sector in Maryland, particularly in areas around the state's major metro regions, has been the strongest performing commercial real estate sector in recent months. Demand for properties has been driven in large part by e-commerce companies looking to improve delivery services. Ring Container, according to its website, produces containers using trademarked technology to reduce the weight of packaging fora variety of products, including pet food, dairy products and dressings. The firm touts its ability to reduce waste, improve strength and bolster return on investment. The company is one of the first firms from outside of Maryland to file notice it intends to participate in the More Jobs for Marylanders program. The initiative offers a tax credit for companies located in certain parts of the state that create manufacturing jobs. Ring Container is also seeking the state's Job Creation Tax Credit. Ring Container is quickly becoming a strong partner in the community, and we couldn't be happier to see this project come to life in Washington County. We look forward to working with our partners in Washington County to help Ring Container grow in our state, Maryland Commerce Secretary Mike Gill said in a statement. Gov. Larry Hogan has proposed legislation to expand the associated income tax credit, which went into effect last June, from $9 million to $13 million starting in June 2018. The bill also proposes extending sectors eligible for the credit to include mining, biotechnology and transportation services. The legislation would also expand the credit's eligibility to include businesses in Garrett, Caroline, Kent and Wicomico counties.
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|Publication:||Daily Record (Baltimore, MD)|
|Date:||Mar 29, 2018|
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