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Ky. Jif plant in line for $43 million in upgrades

FRANKFORT, Ky. (AP) -- Lexington, Ky.'s Jif peanut butter plant will be getting more than $43 million in upgrades and will retain its 279 jobs.

The move by J.M. Smucker LLC was announced Thursday by Gov. Steve Beshear's office. A news release said planned upgrades include machinery and equipment while expanding product lines to meet increased demand.

Smucker was given preliminary approval for tax incentives up to $2 million to encourage the investment.