LEXMARK TO SPEND $19M ON R&D

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LEXMARK TO SPEND $19M ON R&D

 user 2007-03-01 at 11:05:00 am Views: 65
  • #17832

    Lexmark to spend millions on R&D
    Lexington,
    Ky.-based printer and ink cartridge maker Lexmark International Inc.
    plans to pour $19 million into research and development equipment and
    new laboratory facilities.The company plans to spend about $12 million
    of that figure on R&D equipment alone, according to information
    submitted to the Kentucky Economic Development Finance Authority board
    on Thursday.Lexmark employs about 3,130 people in Lexington.The KEDFA
    board approved the project for $500,000 in tax incentives under the
    Kentucky Enterprise Initiative Act.