BUCHANAN, NY-Lafarge North America has decided it will not only keep its gypsum drywall manufacturing operations here, but will spend $75 million to upgrade and double the capacity of its facility.

Company officials say that the new production line will produce 650 million sf of gypsum wallboard annually to meet the needs of its Northeast customers. The renovation is expected to begin mid-2005 and be completed a year later.

In August, the firm went before the Westchester County Industrial Development Agency (IDA) which approved an inducement to provide the Herndon, VA-based firm with approximately $19.6 million in real estate, sales and mortgage tax benefits. In addition, New York State’s Empire State Development Corp. is also providing the company with some incentives in connection with its capital investment at its Buchanan plant.

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