Oct. 13, 2010—ThyssenKrupp Waupaca will invest $36.5 million in equipment upgrades to expand capacity at its 480,000 square-foot Tell City plant.
"Indiana is leading the nation in job growth, at 3 ½ times the national average. The problem is the national average is far too weak. This vote of confidence from a world-class company is further evidence that our competitive advantage over other states is growing," said Daniels.
In addition to the Tell City location, which first opened in 1997, ThyssenKrupp Waupaca, Inc. is headquartered and has three plants in Waupaca, Wisc. as well as plants in Marinette, Wisc. and Etowah, Tenn. The company is part of ThyssenKrupp's Components Technology business area. The ThyssenKrupp Group, based in Essen, Germany, is a global materials and technology company which consists of eight business areas. In fiscal year 2008/2009 the Group had annual sales of $54.8 billion and employed more than 187,000 worldwide.
"We are extremely grateful to Governor Daniels and the Indiana Economic Development Corporation for their tremendous support of ThyssenKrupp Waupaca, Inc.," said Gary Gigante, president and chief executive officer of ThyssenKrupp Waupaca, Inc. "Tell City, Perry County and the state of Indiana has been outstanding partners throughout our history. The support provided by the Governor and his entire team will ensure that we continue to grow our operations and remain an integral part of the Indiana economy for many years to come."
Hiring at ThyssenKrupp Waupaca's Tell City plant is already underway for equipment operators, maintenance technicians and production workers. Interested candidates can obtain additional information on job profiles and required qualifications through the ThyssenKrupp USA, Inc. career website, www.thyssenkruppus.jobs.
The Indiana Economic Development Corporation offered ThyssenKrupp Waupaca, Inc. up to $1.55 million in performance-based tax credits based on the company's job creation plans. Perry County will consider additional property tax abatement at the request of the Perry County Development Corporation.
The largest non-captive iron foundry in the world, ThyssenKrupp Waupaca, produces gray, ductile and compacted graphite iron castings. Global markets served include automotive and light truck, commercial vehicle, agriculture, construction, material handling and other industrial sectors. With headquarters and three plants in Waupaca, Wis., as well as plants in Marinette, Wis., Tell City, Ind., and Etowah, Tenn., the Foundry employs about 2,900 people. For more information, visit http://www.thyssenkruppwaupaca.com.
The Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.