Two Noble County employers are investing almost $4 million in their operations and creating 24 jobs, according to paperwork filed with city officials.
This is fantastic for Kendallville, Mayor Suzanne Handshoe said Tuesday.
Ashley Industrial Molding Inc. plans to spend $1.53 million on manufacturing equipment and $570,000 on real estate improvements as it adds 15 jobs. Pay will average almost $28,000 a year, according to a company filing seeking tax abatement.
The manufacturer now employs 26 people at 100 S. Progress Drive, Kendallville. The company makes custom molded and painted plastic products.
Ashley Industrial Molding will put new equipment in an unused portion of its building, increasing production capacity as the company also broadens its product line, Handshoe said.
Hendrickson Truck plans to invest $1.8 million in manufacturing equipment and add nine jobs in Kendallville.
The company now employs 114 hourly workers at 220 S. Progress Drive West. The new jobs will pay almost $34,500 a year, on average.
Hendrickson, a global manufacturer, makes suspension systems and related components for the transportation industry.
The investment allows the company to launch a product line with newer technology, Handshoe said.
The sluggish economic recovery seems to have reached the city of about 9,900 residents.
This is our fourth abatement request since January 1st, and I know of at least one more company that is expanding this year, the mayor said.
Kendallville City Council is scheduled to receive the tax abatement requests during its meeting Tuesday.