JASPER, Ind. (Dec. 19, 2012) – Kimball Hospitality, Inc., a brand unit of Kimball International (NASDAQ: KBALB), announced plans today to expand its operations here, creating up to 20 new jobs by 2013.
The company, which produces custom furnishings for the global hospitality industry, will invest $932,000 to install advanced manufacturing machinery at its 196,000 square-foot facility in Jasper. The expansion will increase capacity for the company’s case goods furniture product line which includes program and catalog offerings for hospitality guestrooms.
“More than anything else, job growth depends on building an environment that’s favorable for business,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. “Kimball’s growth is the latest sign that the Hoosier State offers an economic ecosystem that allows companies to grow and thrive.”
This fall, the company’s parent, Kimball International, invested $723,700 to expand its Kimball Office brand’s Xsite product series in Jasper, creating an additional 30 new jobs.
“We explored numerous options, including whether to locate this operation in Jasper or in our Martinsville, Va. facility,” said Stan Sapp, president of Kimball Hospitality and vice president of Kimball International. “The availability of talent, skills and work ethic that have become such a tradition in this area helped make the decision for this location.”
Kimball Hospitality, which has 117 full-time employees in Jasper, is currently hiring production and engineering support positions.
The Indiana Economic Development Corporation offered Kimball Hospitality, Inc. and Kimball Furniture Group up to $225,000 in conditional tax credits and up to $19,250 in training grants based on the company’s job creation plans. The city of Jasper approved additional tax abatement at the request of Dubois Strong.
Entering the lodging market in 1985, Kimball Hospitality produces custom furnishings for the global hospitality industry. Since then, the company has furnished nearly a million guest rooms for hotel chains, luxury properties and resort destinations worldwide, including more than 60,000 rooms in major Las Vegas hotels.
“The city of Jasper is very pleased with the announced expansions at Kimball International this year, both at Kimball Office and, most recently, at Kimball Hospitality,” said Jasper Mayor Terry Seitz. “The Kimball Hospitality growth will have immediate impact in three areas: jobs, repurposing an existing manufacturing plant and through investment in new equipment for the operation. Additionally, we see this activity as something very positive for domestic production to serve the U.S. hospitality sector and a sign of an improving economy.”
Kimball Hospitality is the latest company to announce its decision to invest in southwest Indiana. Earlier this month, Jasper Engines announced plans to expand its Jasper headquarters, creating up to 40 new jobs. Also, Ohio Valley Resources recently announced its decision to locate a billion-dollar fertilizer plant in Rockport, adding 80 new jobs.
About Kimball Hospitality
Kimball Hospitality, a brand unit of Kimball International (NASDAQ: KBALB), is a leading provider of both standard and unique, custom furnishings for the global hospitality industry. From major destination resorts and urban center hotels, to well-known hotel chains, Kimball Hospitality provides hotel planners and designers with the products, services, and capabilities they can rely upon to furnish facilities around the world. To learn more about Kimball Hospitality, visit their website at: www.KimballHospitality.com.
About Kimball International
Recognized with a reputation for excellence, Kimball International is committed to a high performance culture that values personal and organizational commitment to quality, reliability, value, speed, and ethical behavior. Kimball employees know they are part of a corporate culture that builds success for Customers while enabling employees to share in the Company’s success through personal, professional and financial growth.
Kimball International, Inc. (NASDAQ: KBALB) provides a variety of products from its two business segments: the Electronic Manufacturing Services segment and the Furniture segment. The Electronic Manufacturing Services segment provides engineering and manufacturing services which utilize common production and support capabilities to a variety of industries globally. The Furniture segment provides furniture for the office and hospitality industries, sold under the Company’s family of brand names.
To learn more about Kimball International, Inc., visit the Company’s website on the Internet at: www.kimball.com.
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 -
Marty Vaught (Kimball International) – 812.482.8255 or firstname.lastname@example.org
Katelyn Hancock (IEDC) – 317.234.2294 or email@example.com