DSI Underground Systems, Inc. Invests $1.8 Million In Evansville, Indiana, Fabrication Plant
05/09/2013
The Salt Lake City, Utah-based company will lease and equip a 32,000 square-foot facility on five acres in the Vanderburgh Industrial Park, a state certified shovel ready site in Vanderburgh County. The facility, which is expected to open its doors this month, will allow DSI to fabricate raw steel materials into roof bolts, plates and other steel products for the mining industry in southwest Indiana, southern Illinois and western Kentucky.
DSI, which currently has more than 2,100 employees worldwide, plans to begin hiring management personnel and production associates later this month.
“This facility accommodates the company’s current staff and enables further expansion for DSI’s growth in the Midwest,” said Jim Pinkley, president and general manager of DSI. “This new location provides us with a facility where we can advance our lean manufacturing strategies and showcase our world class operations, allowing us to provide even better services to our customers and continuing to exceed their expectations.”
Founded in 1950, DSI manufactures post-tensioning and geotechnical systems for the construction industry. The company, which operates six manufacturing facilities in the United States, also produces ground control solutions for the underground and mining industries, specifically the coal, hard rock and tunneling sectors.
As an incentive Indiana Economic Development Corporation offered DSI Underground Systems, Inc. up to $350,000 in conditional tax credits and up to $50,000 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. In addition, the city of Evansville approved additional tax abatement at the request of the Growth Alliance for Greater Evansville and One Southern Indiana.
“We are pleased to welcome DSI to the Vanderburgh Industrial Park,” said Marsha Abell, president of the Vanderburgh County Commissioners. “Southwestern Indiana has a long history in the mining industry and DSI will be very much at home with their location here. This is the type industry that fits so well with our location and our workforce. The entire community welcomes DSI to the place we call home.”
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