3D Parts Manufacturing Invests $6 Million To Relocate Production From Oversees To Indiana
Area Development Online News Desk (06/20/2013)
An additive plastics and metal parts manufacturer, 3D Parts Manufacturing, plans today to expand its Indianapolis, Indiana manufacturing center, creating up to 65 new jobs by the end of 2018.
The company will invest $6 million to lease and equip 25,000 square feet of space in Indianapolis. Formerly producing parts overseas, 3D Parts will now house all part production at this new location. With equipment installation completed in May, the company has already begun producing plastic and steel parts. The company is currently filling engineering and manufacturing positions.
3D Parts produces metal, plastic and composite products through selective laser sintering and Polyjet additive manufacturing technologies. The company uses three dimensional modeling systems as part of its manufacturing process and supports the medical, aerospace, automotive, defense and plastic molding industries.
"3D Parts is excited to launch an advanced manufacturing operation in Indiana and looks forward to bringing state of the art 3D printing technologies to Indiana's strong manufacturing community," said Kim Brand, general manager of 3D Parts. "Indiana's long manufacturing heritage, competitive business environment and top quality workforce made the state an ideal place to grow our business. Manufacturing is a team sport. In a world accustomed to success stories in the software and services businesses, we want to make manufacturing cool again."
"Indiana has established itself as a global manufacturing leader and expansions like 3D Parts point to the strength of our manufacturing industry," said Victor Smith, Indiana Secretary of Commerce. "Hoosier companies enjoy the benefits of a workforce experienced in high-tech manufacturing, as well as low-tax, pro-growth policies at the Crossroads of America."
As an incentive, Indiana Economic Development Corporation offered 3D Parts Manufacturing, LLC, up to $625,000 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. In addition, the city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
"3D Parts is an excellent example of a local company moving their manufacturing process back to the United States after launching in China," said Indianapolis Mayor Greg Ballard. "This sends a strong message about the strength of our workforce and our regional proficiency in advanced manufacturing."