Kordsa Inc., a producer of industrial-strength nylon for tires, will seek a 10-year tax break from Chattanooga and Hamilton County on its $50 million expansion in Hixson, a project that it expects will create 200 new jobs paying between $25 and $40 per hour.
The Chattanooga City Council heard a presentation about the company’s plans during a meeting Tuesday. A proposed payment-in-lieu-of-taxes agreement — functionally a discount on new property taxes paid on improvements at the site — will go before the council May 9. The Hamilton County Commission will consider the deal during its meeting May 3.
The expansion would increase the company’s capacity to convert its products into tire cord fabric. Located at the former DuPont facility in Hixson, Kordsa’s Chattanooga plant manufactures nylon 66 yarn and ships it to North Carolina, where it is converted into tire cord fabric and sold to tire manufacturers across the United States.