California-based Layn USA could soon establish operations in southern Indiana. One Southern Indiana, the economic development organization and chamber of commerce for Clark and Floyd counties, says the company has signed a purchase and sales agreement with the River Ridge Development Authority for a proposed $52 million CBD manufacturing facility.
The project, the company says, would have the capacity to process a minimum of 5,000 tons of hemp biomass each year.
As part of the agreement, Layn will begin due diligence to evaluate a nearly 25-acre parcel of land in the River Ridge Commerce Center as a potential site for the project. 1si says Layn has considered several sites in other states, including Colorado and Kentucky, for the project and will make its final decision upon completion of the due diligence.
"Layn USA would be a great addition to the River Ridge Commerce Center, and we’re very pleased they are considering River Ridge for their new processing facility," Jerry Acy, executive director of the River Ridge Development Authority, said in a news release. "With companies here such as Enjoy Life Foods and Niagara Bottling, which also make natural products, and the recent additions of PharmaCord and Medline Industries Inc., it shows River Ridge is the place to be for the industries of the future."
Layn USA is a subsidiary of China-based Guilin Layn Natural Ingredients Corp.