Warner Electric Invests $2 Million To Consolidate Operations In Columbia City, Indiana
06/03/2014
The company, which is a subsidiary of Braintree, Massachusetts based Altra Industrial Motion, Inc., will invest $2 million to lease a 96,000 square-foot facility on a 12.9 acre campus near Columbia City. The new facility, which will be modified for Warner Electric by July, will allow the company to consolidate its Midwest operations, including its three facilities across Whitley County, into one location, with most production at this new building previously housed in Illinois. The new facility also provides room for additional Altra production to be transferred to Indiana in the future, while the company plans to still maintain its facility in South Beloit, Illinois.
“In order to maintain our company’s competitiveness, we considered multiple locations for this new consolidated facility,” said David Ebling, President of Altra Industrial Motion’s electromagnetic clutch brake group. “However, we kept coming back to Indiana. Here, we’re centrally located near our customers in the Midwest and the southeast. We also have an outstanding existing workforce that we just couldn’t afford to leave behind.”
Founded in 1963 as Alcoils, Warner Electric supplies clutches and brakes for original equipment manufacturers. The company primarily serves the agriculture, turf and garden industries, with expectations to increase production capacity upon consolidation.
“For companies looking to expand, Indiana stands out as a state that works,” said Victor Smith, Indiana Secretary of Commerce. “With our low taxes, skilled workforce and pro-growth business environment, company executives know that Indiana is a prime location to start and grow a business. This continues to be validated by the growing number of companies like Warner Electric that are bringing their business to the Hoosier State.”
The Indiana Economic Development Corporation offered Warner Electric LLC up to $50,000 in conditional tax credits and up to $75,500 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, Whitley County approved additional tax abatement at the request of the Whitley County Economic Development Corporation.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024