J & R Used Tire Service Opens Newport, Indiana, Plant
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.
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