NIBCO announces plans for continued investment and growth
The proposed project will include a capital investment of about $5.6 million.
One Southern Indiana recently announced NIBCO has received a personal property tax abatement from the Charlestown City Council as the company considers investment plans.
The proposed project will include a capital investment of about $5.6 million and result in the creation of about 40 full-time positions. This comes on top of the 140 existing jobs that will be retained, representing a total annual payroll of more than $6.7 million.
“We are pleased to continue our investment in the Charlestown facility,” General Plant Manager Doug Kieper said. “The investment we are making in equipment allows us to invest in our associates as well. The training support we will receive allows NIBCO to provide manufacturing-based training and education to support our steadily increasing sales. In addition to providing opportunities in the community, this project will have a positive effect on our employees’ capacity to advance through the training we will provide.”
“We are happy that NIBCO, a long-time employer and community supporter in Charlestown, has chosen to invest in this facility,” Charlestown Mayor Bob Hal said. “The purchase of new equipment coupled with the training being provided will ensure that the employees of NIBCO continue to advance in the company, resulting in opening new job positions and growing the economy of our city and the region.”
NIBCO has a manufacturing history that spans more than a century and has operated under five generations of family leadership and employee ownership. The company opened its Charlestown facility in 1996.
The Indiana Economic Development Corporation offered NIBCO up to $150,000 in a Skills Enhancement Fund two-year training grant based on the company’s job-creation plans. These incentives are performance-based, meaning until Hoosiers are hired and trained, the company is not eligible to claim incentives.
“We are delighted that NIBCO is making this investment in their workforce and our community. The dedication they have shown to the training and education of its workforce is a true investment in our economic future,” said Wendy Dant Chesser, president and CEO of 1si. “The purchase of the equipment and training will enable NIBCO to continue to serve its industry in an increased capacity while providing new opportunities for the citizens of Southern Indiana.”
Kieper added: “NIBCO plans on providing both in-house and outsource training for associates in manufacturing methods, as well as advanced injection mold manufacturing techniques. Participants in our advanced training program will be expected to contribute 3-5 hours each week into the community and to continue employment with NIBCO for not less than 2 years. We are pleased with the continuing support from the State of Indiana, the City of Charlestown and One Southern Indiana.”
One Southern Indiana was formed in July 2006 and has a mission to provide connections, resources and services that help businesses innovate and thrive in the southern Indiana/Louisville metro area.