The Fort Wayne-based company will invest $4.18 million to equip its 76,000 square-foot production facility in Huntington. With new equipment expected to be installed this month, the company plans to begin insourcing production of multi-axis CNC-machined parts, according to the Indiana Economic Development Corp.
Precision Plastics Inc., a custom plastic injection molder, announced plans today to expand its Columbia City operations, creating up to 15 new jobs by 2017.
Precision Plastics will invest $265,000 to construct a 12,000 square-foot warehouse adjacent to its current 75,000 square-foot plastics facility, which is expected to be complete by June. Precision Plastics will move product storage into its new warehouse, allowing the company to add additional injection molding presses to its manufacturing floor.
Both companies already are sizeable employers in their communities.
PHD Inc., now employs about 285 full-time in its Fort Wayne and Huntington sites, plans to begin hiring for CNC machinists and programmers later this month. Interested applicants may apply by contacting PHD's human resources department at 260-356-0120, extension 694.
Precision Plastics, employs about 120 full-time and plans to begin hiring for manufacturing positions in August. Interested applicants may apply at Peoplelink Staffing Solutions in Columbia City.
The Indiana Economic Development Corporation offered PHD Inc. up to $150,000 in conditional tax credits and up to $35,000 in training grants based on the company's job creation plans. Huntington County approved additional incentives at the request of Huntington County Economic Development.
The Indiana Economic Development Corporation offered Precision Plastics, Inc. up to $65,000 in training grants based on the company's job creation plans. The city of Columbia City will consider additional tax abatement at the request of the Whitley County EDC.