PMG Group, a firm that manufactures systems and components for the auto industry, will invest $22.97 million to build a second manufacturing facility on its 40-acre campus in Columbus, Indiana, creating 50 jobs.
The Füssen, Germany-headquartered company will construct and equip the 36,000 square-foot facility to accommodate two new manufacturing lines. In addition, a third line will be installed in an existing plant. With more than 240 full-time Indiana employees, the company employs more than 1,250 associates worldwide. It plans to begin hiring additional production, manufacturing and logistics personnel in Columbus this summer.
“PMG Indiana’s expansion in Columbus is further validation that Indiana’s pro-growth environment is attracting impressive investment from motor vehicle manufacturers around the globe,” said Eric Doden, president of the Indiana Economic Development Corporation. “With the best location, infrastructure and workforce in the nation, Indiana is the state that works for automotive companies.”
“PMG Indiana takes great pride in our team, our product and now in our growth as we continue to experience great success,” said Steve Bricker, chief financial officer of PMG Indiana. “This expansion would not be possible without the business-friendly environment the state and local community has fostered. We appreciate doing business in Indiana and look forward to our future growth here.”
The Indiana Economic Development Corporation offered PMG Indiana Corporation up to $250,000 in conditional tax credits and up to $75,000 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. The city of Columbus approved additional incentives at the request of the Columbus Economic Development Board.
“I’m very glad PMG Indiana is so successful in Columbus and making such a significant contribution to our leadership in automotive manufacturing,” Columbus Mayor Kristen Brown said.