 07/16/12 Culver Tool & Engineering, a leading national manufacturer of spinal rod implants, plans to invest approximately $1 million in its operation and add employees by the end of the year. A building expansion for additional manufacturing production and R&D space is planned along with additional supporting office and cafeteria space. The investment will enable the company to maintain and increase its market share, retaining 53 jobs and adding 6 additional positions in the near term. In support of Culver Tool’s plans for growth, the City of Plymouth approved a real and personal property tax abatement request. Zentis Food Solutions North America, LLC, a global producer of fruit preparations for the bakery and dairy industries, plans to expand its operations creating up to 67 new jobs by 2014. The company will invest $15.6 million to expand its production capabilities to include a new allergen-free production line, bulk sugar handling system and mixing vessels. As part of the project, the company will also make building renovations at its 180,000 square-foot facility. The Indiana Economic Development Corporation offered Zentis up to $450,000 in performance-based tax credits based on the company’s job creation plans. The City of Plymouth approved a real and personal property tax abatement at the request of the Marshall County Economic Development Corporation. AK Industries, a manufacturer of fiberglass and polyethyleneproducts for the wastewater industry, is contemplating an $800,000 investment in their Plymouth plant, with the purchase of a new rotational molding machine and expansion of their facility to accommodate the operations. AK currently employs 85 people and will be adding 4 jobs in association with the project. An application for tax abatement will be considered for approval by the City of Plymouth in July.Provided by MCEDC |
