PHD Inc., a manufacturer and supplier of industrial automation components, will invest more than $4 million and add up to 22 jobs at its Huntington plant, the Fort Wayne company announced Wednesday.
PHD plans to spend $4.18 million to equip its 76,000-square-foot production facility at 4763 U.S. 24 in Huntington.
Multi-axis computer numerical control equipment will be installed in the coming weeks, with plans to begin production of CNC-machined parts, the company said in a news release. PHD’s product line includes cylinders, escapements, grippers, linear slides, rotary actuators, clamps and blow molding equipment.
The company has about 285 full-time employees, including more than 100 in Huntington. PHD plans to begin hiring CNC machinists and programmers in early May. The company declined to say what the pay range for the jobs would be. The additional jobs are expected to be added by 2017.
Our plans for growth enable us to compete more in the global marketplace, while providing the opportunity to add new machining capabilities as well as employment in our community, said David French, the company’s vice president of operations.
The Indiana Economic Development Corp. offered PHD up to $150,000 in conditional tax credits and up to $35,000 in training grants, based on the company’s job creation plans. The tax credits are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives.
Eric Doden, president of the Indiana Economic Development Corp., said in a statement that years of planning and work have helped establish Indiana as a state where businesses such as PHD can launch and grow long-term plans with confidence.
The company was founded in 1957 with the development of an innovative pneumatic cylinder in a garage. PHD is now a worldwide corporation with a professional distributor network and products to serve multiple industries.