Pace Industries Expands Maple Lake, Minnesota, Manufacturing Plant
05/10/2016
Pace, which is based in Fayetteville, Arkansas, was founded in 1970 as a small die-casting facility. The company today is one of the largest and most diversified die-casting companies in the world, according to the Minnesota Department of Employment and Economic Development.
Die casting is a process for manufacturing metal parts by forcing molten metal under high pressure into molds. Pace acquired Product Technologies in Maple Lake in 2000 and renamed the business its Product Tech Division. The division specializes in die casting for the medical device, automotive, recreation vehicle, power and hand tool, and telecommunications industries. Pace also has a Minnesota facility in Arden Hills.
As an incentive, Minnesota Department of Employment and Economic Development is supporting the project with a $167,969 grant from the Job Creation Fund. The company will receive the funding once it has met its hiring and investment commitments.
“Pace Industries has a strong reputation for producing innovative and quality products,” said DEED Commissioner Shawntera Hardy. “We thank the company for its commitment to Minnesota and for bringing new jobs to Maple Lake.”
Project Announcements
Kimberly-Clark Expands Aiken County, South Carolina, Distribution Operations
05/04/2025
Aerowerks Plans Gaffney, South Carolina, Manufacturing Operations
05/04/2025
Sweden-Based Troax Group Plans Portland, Tennessee, Manufacturing Operations
05/04/2025
Kimberly-Clark Corporation Plans Warren, Ohio, Manufacturing Operations
05/04/2025
Denmark-Based Novonesis Expands Salem, Virginia, Production Operations
05/04/2025
Polyvlies USA Expands Winston-Salem, North Carolina, Manufacturing Operations
05/04/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
The Location Economics of Advanced Nuclear
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Is It Time to Start Planning for Quantum Data Centers?
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024