Tate & Lyle announces $90 million investment

Tate & Lyle announces a major investment. (WLFI File Photo)
Tate & Lyle announces a major investment. (WLFI File Photo)

LAFAYETTE, Ind. (WLFI) – Tate & Lyle is investing more than $90 million into two Lafayette facilities.

“The two plants we have here in Lafayette represent more production capacity than we have in any one location any place in the world,” Vice President of Community and Government Relations Chris Olsen said.

The production capacity at the two Lafayette Tate & Lyle facilities is about to grow after Tuesday’s announcement.

“That speaks well for what they feel about the business climate here in the community, but also their long-term plans to stay here and to continue to grow,” Lafayette Mayor Tony Roswarski said.

Olsen said there are two primary reasons for the investment.

“It will help grow our production capabilities,” Olsen said. “But there will also be a substantial investment in pollution control equipment, which should help improve our environmental footprint.”

Olsen said plans for the investment started several months ago at a city council meeting. Olsen said the company asked for a property tax abatement.

“That was another piece of the puzzle as we put everything together to see. Number one — where we would make the investment, and number two — if we would make the investment,” Olsen said.

That abatement was approved opening the doors for expansion.

Roswarski said the project touches several other local businesses including the agricultural industry.

“They buy millions, and millions, and millions of dollars worth of corn for their production. So, those jobs at Tate & Lyle and the products they make there — between the north and south plants — touch a lot of segments of our business community,” Roswarski said.

The projects are expected to take about three years to complete and will add 10 new jobs.

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