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Lt. Governor Becky Skillman recently joined executives from Crown Equipment Corporation, a manufacturer of materials handling equipment, to announce that the company will expand its operations here, creating up to 150 new jobs by 2013.
The company, which makes a variety of lift trucks and hand pallet trucks for manufacturers and retailers, will invest more than $15 million to purchase and renovate the 982,000 square-foot former Metaldyne building and purchase new machinery to increase capacity in support of current operations.
"Crown is a large, nationally-recognized company with many options to expand," said Skillman. "These new jobs could have landed somewhere else, but Indiana's low cost of doing business and Crown's continuing commitment to our state is once again creating opportunities for east central Indiana workers."
The company currently has more than 580 employees throughout its seven locations in Indiana. It plans to begin hiring additional manufacturing, maintenance and service personnel this fall to coincide with facility improvements and expanded manufacturing capacity.
"The New Castle facility gives Crown the needed floor space to support our expanding product line. In addition, the location is centrally located to our other facilities, which affords us some logistics benefits. We have had great success with our other operations in Indiana and we look forward to continuing that success," said Jim Dicke III, president of Crown.
Founded in 1945, the company originally manufactured temperature controls for coal burning furnaces. Entering the materials handling industry in 1957, Crown is now among the world's largest manufacturers of lift trucks. Crown operates 11 manufacturing facilities in North America, Europe, Asia and Australia.
The Indiana Economic Development Corporation offered Crown Equipment Corporation up to $1.2 million in performance-based tax credits based on the company's job creation plans. The city of New Caste will consider additional property tax abatement at the request of the Henry County Development Center Inc.
"The city of New Castle is very appreciative of Crown's decision to select New Castle as a location for their new manufacturing facility," said Mayor Jim Small. "Crown is well known for their quality and innovation and is a great match for our community's highly skilled manufacturing workforce."
Crown's announced expansion is the latest in a series of manufacturing announcements in Central Indiana. Just last week, LEP Special Fasteners, a manufacturer of specialty steel fasteners, announced plans to relocate parts of its operations from Illinois to Frankfort, creating up to 160 new jobs by 2015. Also, Böttcher America Corporation, a manufacturer of printing and industrial materials, recently announced plans to expand its operations in Tipton, creating up to 35 new jobs by 2014.
About Crown Equipment Corporation
Crown is one of the world's largest lift truck manufacturers. Crown's award-winning line of lift trucks maintains a reputation for exceptional product design, engineering and manufacturing. From the smallest hand pallet truck to the highest lifting turret truck, Crown seeks to provide users with safe, efficient and ergonomic lift trucks that lower total cost of ownership and maximize uptime. Headquartered in New Bremen, Ohio, Crown manufactures lift trucks that are sold throughout the world.
About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.
