Delaco Kasle Processing Indiana Locates Manufacturing Center In Jeffersonville, Indiana
Earlier this month, the Diez Group and Steel Technologies LLC announced a joint venture that included Kasle Metal Processing, which had operated in Jeffersonville since 2004. The Diez Group and Steel Technologies will invest $14.28 million to upgrade and expand the existing 120,000 square-foot former Kasle Metal Processing facility at the Port of Indiana – Jeffersonville, which will grow to 226,000 square-feet by summer 2015. DKP Indiana has already retained 71 former Kasle Metal Processing employees..
“We are very pleased to partner with Steel Technologies to expand this outstanding facility in Jeffersonville,” said April Diez, Chairman of the Diez Group. “We appreciate the support of the state of Indiana, and we look forward to growing this facility. The area’s skilled workforce and central location will help the Diez Group and Steel Technologies combine their expertise to open new markets in the South and Midwest.”.
“Indiana has built a business climate designed to support development and encourage enterprise,” said Eric Doden, president of the Indiana Economic Development Corporation. “That very business climate is attracting companies from across the nation like DKP Indiana that recognize the Hoosier State as the best location available to put their growth plans in action. With lower expenses and the best workforce around, Indiana has earned its reputation as a state that works.”.
Serving the automotive, appliance and agriculture industries, DKP Indiana processes aluminum and steel coils and blanks. A minority- and woman-owned business, the company plans to add new production lines to its Jeffersonville facility, which will be operational next summer. The Diez Group, which is part of the Delaco Steel family of businesses, is based in Dearborn, Mich. and currently operates additional facilities in Michigan, New York and Tennessee. .
Louisville-based Steel Technologies, which is a joint venture between Nucor Corporation and Japan-based Mitsui & Co., is a flat-rolled steel processor with 25 company-owned and joint venture facilities across the United States, Canada and Mexico..
As an incentive, Indiana Economic Development Corporation offered Delaco Steel Corporation up to $750,000 in conditional tax credits and up to $100,000 in training grants 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 city of Jeffersonville will consider additional incentives at the request of One Southern Indiana.
In Focus: “Golden Age” of Spec Development
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
In Focus: Demand for Industrial Land Surges
Explosive Growth of Life Sciences Sector Comes with Challenges
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
The Evolution of the Megasite