Anchor Hocking plans to invest $30M over the next three years in its Lancaster facility, Ohio, US, including the rebuilding of Tank 2. The decision was reached in consultation with the city of Lancaster and Fairfield county. "With the prospect of Anchor Hocking possibly relocating its distribution facility to another state, and the further reduction of jobs at the Lancaster plant, the city of Lancaster and Fairfield County economic development director have come to a tentative agreement with Anchor Hocking to keep and expand the current operations in Lancaster," said a joint press release. The agreement includes making the Anchor Distribution Centre part of the Foreign Trade Zone at the Rock Mill Ind Park. The Lancaster Community Improvement Corp will change the boundaries of the tax-free zone to include this and lower Anchor's tax burden.
