Carver Non-Woven Technologies Establishes Production Center In Fremont, Indiana
The company will invest $17.13 million to renovate and equip the former Amcast Automotive plant at 706 E. Depot, which has been vacant for nearly 10 years. The 143,580-square-foot facility will house state-of-the-art equipment allowing Carver to create high-end, lower weight, quality fiber products for automotive, recreational vehicle and household products for customers.
Carver is a new subsidiary of Indiana-based R3 Composites Corporation, which announced plans to establish a manufacturing facility in Grabill, Indiana, in 2011.
“The technology Carver Non-Woven will introduce to the non-woven market will be cutting edge in its ability to create low variance sheet weight (density), highly homogeneous resonated blends and multiple fiber/glass matrixes with superior dimensional stability and mechanical properties,” said Kirk Klein, CFO of R3 Composites Corporation.
Renovations are already underway, and the company plans to begin production in the second quarter of 2016. Carver has already begun hiring and plans to employ 65 associates by 2018.
The Indiana Economic Development Corporation offered Carver Non-Woven Technologies up to $475,000 in conditional tax credits and up to $75,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Fremont will consider additional incentives at the request of the Steuben County Economic Development Corporation.
“Indiana’s tireless efforts to build the best business climate in the nation are paying dividends by attracting new companies and new jobs to the Hoosier State,” said Governor Mike Pence. “We are proud to welcome Carver Non-Woven Technologies to Indiana, which boasts the highest concentration of private sector manufacturing jobs in the country. Hoosier businesses have added more than 10,000 new manufacturing jobs in the past year alone, and that growth will continue for years to come thanks to companies like Carver that choose Indiana to create quality jobs.”
“Having met Roy Carver, we’re happy to welcome Carver Non-Woven Technologies to Fremont,” said Steve Brown, President of the Fremont Town Council. “This is a great, family-owned business that will be a good fit for our community. We wish them success and are happy to be able to support this project and reuse of the vacant 144,000-square-foot Amcast building.”
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Changes in the Incentives Landscape
2020 Top States for Doing Business Showcase Their Pro-Business Environments
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
How an International Business Can Enter the U.S. Market Via M&A