TecAir Relocates Headquarters-Manufacturing Facility To Munster, Indiana
Area Development Online News Desk (10/23/2013)
Tec Air Inc., a designer and manufacturer of plastic air movement components and systems, plans to relocate its headquarters and manufacturing center to Munster, Indiana, creating up to 258 new jobs by 2016.
Founded in 1965, Tec Air designs and manufactures fans and blowers for automotive, industrial and residential HVAC original equipment manufacturers. Tec Air also specializes in fans and blowers for appliances, yard care, floor care, refrigeration and climate control industries. With customers in North America and overseas, the Munster location will provide a central shipping location, Indiana Economic Development Corporation officials said.
The company will lease, equip and relocate its current Illinois headquarters into a 128,000 square-foot facility located in the Lake Business Center at 9200 Calumet Ave. in Munster, Indiana, IEDC said. Tec Air will initially invest approximately $7 million dollars in new equipment and building improvements in connection with the move. In addition to the new investment, Tec Air will also transfer almost $8 million of assets from its Illinois facility to the new location, bringing the company’s investment in Indiana to approximately $15 million.
The expansion, which will be complete next spring, will house corporate offices, engineering labs, manufacturing, quality labs, warehousing and distribution. Tec Air’s investment in the new Indiana facility will include new injection molding and assembly equipment, such as process cooling, material handling, molding machines, robotics and R&D test equipment.
“Tec Air is experiencing significant growth, and we want to position ourselves to capitalize on that path of success. We looked at multiple locations for our expansion and chose Indiana for several reasons,” said Bob McMurtry, President of Tec Air. “Outgrowing our current location and Indiana’s pro-business environment solidified our decision to not only expand into Indiana but to relocate our entire operation from Illinois. I am confident the Munster location will allow Tec Air to achieve greater operational efficiencies and realize its growth potential. The relocation to a larger, state of the art facility will support our already great service, innovative products and world class quality.”
“Tec Air joins a growing list of companies that have discovered what Hoosiers already know: Indiana is a state that works for business,” said Gov. Mike Pence. “Companies in the Midwest and around the world recognize that Indiana is in the middle of everywhere. From our robust infrastructure, low-tax environment, talented workforce and ideal location as the Crossroads of America, opportunity for growth lies in Indiana.”
The Indiana Economic Development Corporation offered Tec Air Inc. up to $2,260,000 in conditional tax credits and $190,000 in training grants based on its capital investment plans. These tax credits are performance-based, meaning until investments in Indiana are made, the company is not eligible to claim incentives. The city of Munster offered additional incentives.
“The town of Munster is very excited to be the new home of Tec Air, and we have been proud to work hand-in-hand with this outstanding company throughout their relocation process,” said Joseph A. Simonetto, President of the Munster Town Council.