FiberTEK is awarded $1.25 million Industrial Assistance Fund grant

A $1.25 million Industrial Assistance Fund grant was awarded to FiberTEK at its Nephi plant. The money was a state incentiveto draw the fiberglass insulation plant to Utah in the form of a grant which was to be presented once the Nephi plant was built, workers were hired and production had begun. The plant now has 80 employees and is at about one-third of capacity. The Nephi Times-News