NALC Invests $5 Million To Establish Limestone Quarry-Fine Grind Facility In Cloverdale, Indiana
Activity at the new 181-acre site will include the extraction and processing of high calcium carbonate limestone to be sold as an animal feed supplement, a fertilizer for agricultural purposes, an ingredient in the manufacturing of glass, a pollution control product for power plants, a safety application in underground coal mines and a filler for product manufacturing and other industrial applications.
Founded in 2008, NALC began with the development of the greenfield quarry and added the first fine grind facility in early 2011. The company now controls more than 8 million tons of high quality reserves in Cloverdale, Indiana. Serving a diverse collection of industries, the company anticipates its new quarry and fine-grind operation to be operating by October. The company, which currently employs nearly 30 Hoosiers, plans to create up to 15 new jobs by 2016. The firm plans to hire administrative personnel, equipment operators and quality control positions this summer.
According to Indiana Economic Development Corp., NALC was offered up to $110,000 in conditional tax credits based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is ineligible to claim incentives. In addition, Putnam County approved additional incentives for NALC, LLC at the request of the Greencastle/Putnam County Development Center.
“When you build a business climate like Indiana’s, you’ll soon discover that a wide array of industries start thriving,” said Eric Doden, president of the Indiana Economic Development Corporation. “From professional service firms to natural resource processors, our low taxes, reduced regulation and climate for skyrocketing success help all companies grow and thrive here.”
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