Councilors Approve Tax Abatement Agreement With Cryovac

Wichita Falls city council approved a tax abatement agreement with Cryovac Tuesday morning.

Cryovac plans to install new equipment at its location on Central Freeway. The company says the move will create jobs.

Wichita Falls Assistant City Manager Kevin Hugman says the equipment will put Cryovac in a stronger position within the company itself and will position the plant for future expansion and therefore future jobs.