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[IEDC] Mining Supplies Manufacturer Locating First Indiana Facility in Vanderburgh County
Start Date: 5/8/2013Start Time: 12:00 AM
End Date: 5/8/2013End Time: 11:59 PM
Entry Description
EVANSVILLE, Ind. (May 8, 2013) – DSI Underground Systems, Inc., a manufacturer and supplier of specialist ground support products for the mining and tunneling industry, announced plans today to locate a steel fabrications plant here, creating up to 44 new jobs by 2017.

The Salt Lake City, Utah-based company will invest $1.8 million to lease and equip a 32,000 square-foot facility on five acres in the Vanderburgh Industrial Park, a state certified shovel ready site in Vanderburgh County. The facility, which is expected to open its doors this month, will allow DSI to fabricate raw steel materials into roof bolts, plates and other steel products for the mining industry in southwest Indiana, southern Illinois and western Kentucky.

“Governor Pence’s focus on fiscal stability and creating a low-tax environment for businesses to succeed continues to pay off. DSI’s announcement proves, once again, that Indiana is a state that works for business. DSI is going to enjoy calling Evansville home,” said Victor Smith, Indiana Secretary of Commerce.

DSI, which currently has more than 2,100 employees worldwide, plans to begin hiring management personnel and production associates later this month. 

“This facility accommodates the company’s current staff and enables further expansion for DSI’s growth in the Midwest,” said Jim Pinkley, president and general manager of DSI. “This new location provides us with a facility where we can advance our lean manufacturing strategies and showcase our world class operations, allowing us to provide even better services to our customers and continuing to exceed their expectations.”

Founded in 1950, DSI manufactures post-tensioning and geotechnical systems for the construction industry. The company, which operates six manufacturing facilities in the United States, also produces ground control solutions for the underground and mining industries, specifically the coal, hard rock and tunneling sectors.

The Indiana Economic Development Corporation offered DSI Underground Systems, Inc. up to $350,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Evansville approved additional tax abatement at the request of the Growth Alliance for Greater Evansville and One Southern Indiana.

“We are pleased to welcome DSI to the Vanderburgh Industrial Park,” said Marsha Abell, president of the Vanderburgh County Commissioners. “Southwestern Indiana has a long history in the mining industry and DSI will be very much at home with their location here. This is the type industry that fits so well with our location and our workforce. The entire community welcomes DSI to the place we call home.”

According to the National Mining Association, Indiana is home to 309 mining operations and provides employment for more than 18,800 Hoosiers. Crushed stone, portland cement, construction sand and gravel are the Hoosier State’s leading nonfuel minerals, and in 2010, Indiana’s mining operations created $3.3 billion worth of mineral, metal and fuel products.

About DSI
DSI Underground Systems, Inc. designs, develops, produces and supplies underground products and systems internationally. Providing ground support solutions in the coal, hard rock and tunneling sectors. The organization currently has more than 2,100 employees worldwide and six manufacturing facilities in the United States. More information can be found at www.dsiunderground.com

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president 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.


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Media Contacts: 
Debi Smith (DSI) – 801.708.7502 or debi.smith@dsiunderground.com 
Katelyn Hancock (IEDC) – 317.234.2294 or kahancock@iedc.in.gov
Contact Information:
Name: Katelyn Hancock
Phone: 317-234-2294
Email: kahancock@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Alerts and Notification
  • IN.gov Category:
  • Government
  • Agency Name
    Economic Development Corporation, Indiana

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