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An acrylic plastic manufacturer now plans to make an even bigger investment in modernizing its plant in Woodstock, north of Memphis.

Lucite International now plans a $90 million upgrade with “the ability to add an additional $45 million in capital investment” during the term of a 15-year tax break called payment-in-lieu-of-taxes (PILOT).

The firm filed a revised application for what’s called a retention PILOT.

The Memphis and Shelby County Industrial Development Board is to vote Wednesday whether to approve the tax break that could save Lucite $6.6 million in taxes.

But the investment would help preserve 200 jobs with an average $89,531 wage. And, according to a staff analysis, the project would create a $260 million economic impact for the county.

The company would still pay $2.2 million in taxes over the 15 years.

The manufacturing facility is at 2665 Fite Road. But Lucite also has its headquarters for the Americas in Cordova.

If Lucite does not upgrade the plant, the county could lose both the plant and the headquarters, company officials have said.

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