MIDDLEBURY, Ind. (Dec. 7, 2012) – Indiana Galvanizing, LLC, a steel parts galvanizing manufacturer, announced plans today to locate here, creating up to 60 new jobs by 2013.
The company, which shares common ownership with Bob Monnig Industries, Inc. and Universal Galvanizing, Inc., will invest $3 million to purchase, renovate and equip a 97,000 square-foot facility in Middlebury. The facility, which is slated to be operational next summer, will house the company’s zinc coating operations. The company is currently hiring management, maintenance and manufacturing personnel.
“Indiana Galvanizing’s expansion continues to add to Indiana’s fervent economic momentum. Our nationally acclaimed, business-friendly climate is unmatched and makes the Hoosier State stand out as the top place to grow business,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
Founded in Glasgow, Mo. in 1960, Bob Monnig Industries is a third generation, family-owned galvanizing business that operates two facilities in Missouri, employing approximately 130 associates. Indiana Galvanizing is a new business founded by the Monnig family that serves the transportation, agriculture and energy industries through its hot-dip galvanizing operations, a process that coats steel with zinc to prevent corrosion.
“Elkhart County was a perfect fit for the new location,” said Ryan Monnig, plant manager of Bob Monnig. “Not only did it meet the geographic requirements, but it also has the small town values and work ethic that we feel is vital to our success.”
The Indiana Economic Development Corporation offered Indiana Galvanizing, LLC up to $400,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Elkhart County will consider additional tax abatement at the request of the Economic Development Corporation of Elkhart County.
"I am extremely pleased to have Bob Monnig locate its new hot-dip galvanizing plant in Elkhart County,” said David Foutz, a member of the Elkhart County council. “This facility will complement our rapidly growing metal finishing sector while adding high-paying jobs to our existing manufacturing base. We would be thrilled to have Bob Monning Industries as a partner in the dynamic industrial growth of Elkhart County."
Indiana Galvanizing joins a long line of companies that have made plans to locate or grow their operations in Elkhart County in 2012. Scientific Developments, Automotive Climate Control, Jayco, Lippert, Supreme Industries and Kiel NA are some of the 20 companies that have committed to creating a cumulative 2,180 projected new jobs and invest $118.4 million in Elkhart County this year.
Including today's announcement, projects announced for Elkhart County so far this year are expected to create more than 2,100 jobs. That includes Jayco, a recreational vehicle developer and manufacturer, which recently announced plans to invest $2.9 million to expand its Middlebury headquarters, creating up to 65 new jobs by 2015.
About Bob Monnig Industries
Bob Monnig Industries, Inc. was founded in 1960 on the basis of great customer service by a young, Glasgow entrepreneur, Robert “Bob” Monnig. In order to meet the high demands for steel preservation at the time, Bob created an industrial galvanizing plant in the small mid-Missouri town. As time went by, and the galvanizing industry grew, more and more steel fabricators would bring their materials to be galvanized at Monnig Industries. Today, Bob Monnig Industries, Inc. consists of three kettles, mechanical galvanizing and a skilled and dedicated work force to meet the needs and demands of customers all over the United States. Through recycling, energy conservation and running all zero discharge facilities, the Monnig’s pride themselves on being responsible stewards of the environment.
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.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
- 30 -
Jason Monnig (Indiana Galvanizing) – 660.338.2242 or firstname.lastname@example.org
Katelyn Hancock (IEDC) – 317.234.2294 or email@example.com