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The Ohio Rail Development Commission (ORDC) this week announced grants awarded to Indiana and Ohio Railway (IORY), Nova Tube & Steel and APackaging Group.
IORY will receive up to $525,768 to help complete a siding improvement project in Tremont City, where turnouts at each end of the existing siding are being replaced, with upgrades to electronic switch machines and replacement of railroad ties. IORY will match the grant at $283,106, bringing the total investment to $808,874.
The project will greatly reduce time needed to enter and exit the siding, which has manual switches that sometimes take up to 30 minutes to operate and return to their original position, according to an ORDC press release.
Nova Tube & Steel, a Canadian company that serves the automotive, rail, agriculture and construction industries, will receive a $100,000 grant toward the $1.7 million cost to install rail infrastructure at its new location near Delta. The company is constructing a $105 million facility to expand its Midwest operations.
Meanwhile, APackaging Group, which makes customized packaging products for the cosmetics and skincare industries, will receive $100,000 for the construction of rail infrastructure at its new 80,000 square-foot facility in Defiance. The new manufacturing facility will be the company's first in the United States, joining other existing distribution facilities in Canada.