LANCASTER — Procter & Gamble will invest $69 million over the next five years to expand its Duracell plant on S.C. 9.
The Lancaster Economic Development Corp. announced the expansion.
P&G Duracell employs more than 400 and it is the largest industrial taxpayer in Lancaster County, according to the economic development corporation. The plant has been making AA batteries in Lancaster County for more than 35 years.
The Lancaster County Council plans to cut Duracell’s property taxes for the next 30 years.
The council’s fee-in-lieu agreement on property taxes would save Duracell $8 million and a special source revenue credit would save the company $3.7 million, according to an analysis by the county’s economic development office.
In 2013, the Lancaster County Economic Development Corp. announced 16 new or expansion projects totaling more than $363 million in new investment with announced job creation of more than 2,300 jobs.