CTB Plans $7.11 Million Expansion At Its Milford, Indiana, Operations Center
The company, which is a wholly-owned subsidiary of Berkshire Hathaway Inc., will invest $7.11 million to construct and equip a 45,000 square-foot facility on its 127-acre campus in Milford, in addition to optimizing portions of its existing structures. The facility, which is expected to be operational by mid- 2015, will allow the company to increase its manufacturing operations and add storage to support projected growth in its global Chore-Time poultry and egg production systems business unit.
“We already have a substantial investment in Milford with a long-term, highly-skilled workforce and a special relationship with Kosciusko County that goes back decades,” said Chris Stoler, executive vice president of the Chore-Time Group. “With the financial assistance of Indiana and the Milford community, we’re glad to be able to leverage the logistical, efficiency and employment advantages of building in Milford rather than another location.”
The Indiana Economic Development Corporation offered CTB, Inc. up to $600,000 in conditional tax credits based on the company's investment and job creation plans. The town of Milford will consider additional incentives at the request of the Kosciusko Economic Development Corporation. CTB, which currently employs approximately 700 full-time Indiana associates, plans to begin its first hiring phase in 2015 and expects to continue to add positions as revenue grows.
Founded as Chore-Time in 1952, CTB improves efficiency in caring for poultry and livestock, as well as enhancing the storage, conditioning and handling of grain. With $1 billion dollars in annual sales, CTB serves the grain, poultry, pig and egg production industries, producing systems for post-harvest grain management, equipment for raising poultry and livestock and systems for poultry processing. A global company, in addition to its Milford headquarters CTB operates additional manufacturing and warehouse facilities in Frankfort and Vincennes, Indiana, a number of other U.S. states and seven additional countries.
“The town of Milford was really excited about this further expansion of CTB,” said Doug Ruch, vice president of the Milford Town Council. “They have already added a lot of great jobs this year with more to come in their hometown. CTB is a major world-class manufacturing employer that benefits the town of Milford and all of Kosciusko County.”
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