Shiloh Die Cast Midwest, a supplier of noise and vibration “lightweighting technology” solutions and subsidiary of Shiloh Industries, will invest $7.8 million to renovate and equip two separate manufacturing sites in Indiana
: a 120,000 square-foot facility in Auburn and a 106,000 square-foot facility in Pierceton.
The renovations and increased capacity should be fully implemented by 2016, creating approximately 145 jobs by 2018. Shiloh Industries currently employs 86 associates in Auburn and 107 in Pierceton. The company plans to begin hiring for both facilities this year.
“Indiana is well-situated for us to serve our customers in the northern U.S. market, and Shiloh is committed to grow in Auburn and Pierceton,” said Ramzi Y. Hermiz, CEO of Shiloh Industries. “We are reinvesting and upgrading in the latest lightweighting technologies such as our ThinTech™ and squeeze casting. We hope through commitment to Indiana and to technology that Shiloh will remain an employer for choice in the region.”
“Indiana is perfectly positioned to help companies like Shiloh reach their full growth potential,” said Governor Mike Pence
. “As a state that works, our Hoosier workforce excels at manufacturing and engineering. Hoosiers act as a catalyst for Indiana’s fastest growing companies, helping them achieve their goals and expand our growing economy.”
The Indiana Economic Development Corporation offered Shiloh Die Cast Midwest, LLC up to $1 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives
. In addition, the city of Auburn will consider additional incentives at the request of the DeKalb County Economic Development Partnership. The town of Pierceton approved additional tax abatement at the request of the Kosciusko Economic Development Corporation.
“We congratulate Shiloh and we are very pleased they selected the city of Auburn to expand their industry,” said Auburn Mayor Norman Yoder.
“The town of Pierceton is pleased that Shiloh has chosen operations in Pierceton to expand production,” said Armando Espinoza, President of the Pierceton Town Board. “We are appreciative that this operation is committed to increasing employment and in making capital improvements to the facility. This operation is an important employer for the town of Pierceton and Kosciusko County.”