A Franklin company will get an additional tax break to add another $5 million in equipment to its plant and an extra year to purchase it.
Nitrex Inc. was granted a tax abatement in 2011 to add $2.9 million in equipment that would add 12 new jobs and retain 25 workers. As of this year, the company had purchased $1.3 million of that machinery and not hired the 12 workers, Franklin community development director Krista Linke said.
The company, which does metal heat treating at its plant at 350 Blue Chip Court, now plans to add additional equipment that will help it meet the original job goals. The company will spend the additional $5 million to add new furnaces, according to the abatement request.