Denton board backs incentive package for Panel Ray’s planned U.S. plant

Jun 25, 2025

The Economic Development Partnership Board voted unanimously Wednesday to recommend that the City Council approve an incentive agreement for Panel Ray, a Monterrey, Mexico–based subsidiary of Grupo Pro Max, to establish a 60,000-square-foot joint-compound manufacturing facility in Denton.

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The Economic Development Partnership Board voted unanimously Wednesday to recommend that the City Council approve an incentive agreement for Panel Ray, a subsidiary of Grupo Pro Max, to locate a manufacturing facility in Denton.

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