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
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024