CONROE - The Conroe City Council approved a performance-based agreement for $197,235 over seven years with Belgium-based LUC Urethanes, according to Danielle Scheiner with the CIDC.
The company, Scheiner said, has purchased 5.33 acres at Conroe Park North, a 1,045-acre industrial park just northeast of downtown.
“This will be their first manufacturing plant in the United States,” Scheiner said of the company’s $5.17 million facility.
The company plans to hire about 20 people over its first two years and have an inventory of about $1.4 million in seven years.
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