J & R Used Tire Service Opens Newport, Indiana, Plant
11/21/2018
The company is investing $2.15 million to establish and grow its operations in Indiana, constructing and equipping a 23,000-square-foot facility at the Vermillion Rise Mega Park.
The facility, which is now complete, is slated to begin operations in the first quarter of 2019, shredding up to 350,000 passenger tires each month for various uses, including alternative daily coverage for landfills and tire derived fuel for cement kilns. The company will provide all used tire feedback for Pryrolyx AG’s new Terre Haute operation, which is currently under construction and will extract carbon black, oil and metal from shredded tires to produce raw materials for the rubber and plastics industries.
“Indiana’s business climate and the value provided by the site at Vermillion Rise Mega Park created the perfect location for this new facility,” said Janie and Rodney ("J & R") Rogers, owners of J & R Used Tire Service. “We are grateful for the support of the state and the local community, as well as for FBi Buildings, an Indiana company, that brought this new facility to life.”
The IEDC offered J & R Used Tire Service up to $300,000 in conditional tax credits 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 Vermillion Rise Mega Park, a 7,000-acre industrial facility in west central Indiana, offered additional incentives.
"With this new facility, J & R Used Tire Service is joining a network of 500,000 small businesses in Indiana that are helping propel our economy forward while providing quality jobs for Hoosiers," said Elaine Bedel, President of the Indiana Economic Development Corporation (IEDC). "The Vermillion Rise Mega Park first served as a critical U.S. defense facility and now, thanks to its creative reuse, this industrial park is prime for attracting job growth and new companies like J & R Used Tire Service to Indiana."
“With J & R Used Tire Service’s move to Indiana, the company will be adding new jobs here in Vermillion County, which is a welcome addition to the Indiana county with the highest unemployment rate,” said Jack Fenoglio, Chairman of the Vermillion Rise Mega Park.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024