Revere Plastics Clyde Facility Expansion

planned

Revere Plastics Systems LLC plans to invest $111 million in an expansion project in Clyde, Ohio, that will add 378 jobs and support a growing customer in the energy storage market. The project includes significant investment in machinery and equipment to supply components for a new aqueous zinc battery platform, an alternative to lithium-ion batteries for data centers and utility-scale storage. The expansion will bring total employment at the Clyde facility to more than 600, with a commitment to $18.5 million in new annual payroll and retention of $14 million in existing payroll. The Ohio Tax Credit Authority approved a job creation tax credit for the project.