A Canada-based auto supplier affairs to move operations from Michigan to LaGrange County. Exo-US LLC says it will actualize up to 250 jobs in Howe by 2016. The aggregation affairs to advance about $7 actor in the project. October 9, 2013
HOWE, Ind. (Oct. 9, 2013) – Exo-s US, LLC, a supplier of bang and draft molded thermoplastic systems, appear affairs today to backpack its operations from Three Rivers and Centreville, Mich. to here, creating up to 250 new jobs by 2016.
The Quebec, Canada-headquartered company, which food HVAC duct, agent covers and accompanying articles to the automotive industry, will advance $6.8 actor to move its accomplishment to a 191,000 square-foot ability in LaGrange County. With affairs to activate Indiana operations aboriginal aing year, the company’s move will optimize its assembly costs and add amplitude to lath approaching expansions.
“As one of the country’s arch accomplishment states, there is no bigger abode for Exo-s to accompany its business than Indiana,” said Governor Mike Pence. “The Hoosier State’s complete carbon sheet, business-friendly ability and accomplished workforce are aloof a few of our abounding acute ethics for alluring new business. As a accompaniment that works for business, Exo-s is activity to adore calling LaGrange County home.”
Exo-s, which currently has added than 200 full-time advisers at its Three Rivers and Centreville, Mich. facilities, affairs to activate hiring apparatus operators, accomplishment associates, abstruse and engineering cadre aboriginal aing year to abutment the alteration of operations. Interested applicants can acquaintance the company’s animal assets administration by mail at P.O. Box 328, Three Rivers, MI, 49093 or by email at [email protected]
“The move will acquiesce Exo-s to lath planned amplification of operations to abutment added chump appeal for our aerial affection products, while captivation the band on cost,” said Todd Fowler, bulb administrator at Exo-s’ Three Rivers location. “Representatives of the bounded and accompaniment government, and the bounded business association partnered with Exo-s to present an action that is altogether accumbent to our company’s approaching plans.”
The Indiana Economic Development Corporation offered Exo-s US, LLC up to $2.75 actor in codicillary tax credits and up to $225,000 in training grants based on the company’s job conception plans. These incentives are performance-based, acceptation until Hoosiers are hired, the aggregation is not acceptable to affirmation incentives. LaGrange County will accede added tax abatement at the appeal of the LaGrange County Economic Development Corporation.
“We are captivated that Exo-s has absitively to accomplish their home in LaGrange County,” said Jac Price, admiral of the LaGrange County Commissioners. “We attending avant-garde to alive with them as they alpha their new Howe location.”
With Indiana’s ability in avant-garde manufacturing, automotive suppliers like Exo-s acquisition a accustomed home in Indiana. Added than 630 automotive companies currently accomplish beyond the state, with anniversary aggregation adequate a aggressive advantage from Indiana’s low taxes, bound adjustment and pro-growth policies.
Exo-s is a 2012 almsman of the General Motor’s Supplier of the Year award. The founding company, Bombardier, opened its aboriginal bang abstraction bulb in Quebec in 1968. In 1982, Bombardier’s rubber, appearance and plastics accessories became Camoplast. In 2010, Camoplast acquired Solideal. Exo-s was accustomed in 2012 to advance the advance of the Polymer Solutions Division of Camoplast Solideal.
Exo-s is a arch supplier of bang molded and draft molded automotive articles such as agent covers, thermal systems (HVAC), coolant reservoirs, washer reservoirs, and air consecration systems. The aggregation additionally articles specialty articles for a advanced ambit of markets including agriculture, all-terrain account vehicles, toys, and domiciliary appliances. In absolute Exo-s employs added than 600 bodies in the United States and Canada.
Created in 2005 to alter the above Administration of Commerce, the Indiana Economic Development Corporation is absolute by a 12-member lath chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the admiral of the IEDC.
The IEDC oversees programs allowable by the General Assembly including tax credits, workforce training grants and accessible basement assistance. All tax credits are performance-based. Therefore, companies charge aboriginal advance in Indiana through job conception or basic advance afore incentives are paid. A aggregation who does not accommodated its abounding projections alone receives a allotment of the incentives proportional to its absolute investment. For added advice about IEDC, appointment www.iedc.in.gov.Source: Indiana Economic Development Corp.
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