The building is on a 60-acre parcel in the Lee County Business Park, which is south of Interstate 88 at State Route 26. Approximately 115 workers are currently employed at the site.
The firm is part of UPM, based in Finland, and the new factory is part of a nearly $270 million global expansion program, according to a company press release. The firm chose the Dixon location due to the low prices for land and utilities, central Midwest location and skilled labor force, according to the association's release. The Illinois Department of Commerce and Economic Opportunity provided a $4.5 million grant for the project.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
