Search provided by
The Fort Wayne Common Council will consider a phase in of property taxes on the new equipment for Vita Nonwovens.
Indiana Business News
- Terre Haute to Hold Strategic Planning Event
- Grants to Support Emission Reduction Projects
- Purdue to Host Food Security Event
- IU Study Examines Program-Related Investments
- Chamber to Release 'Vision 2025' Report Card
- LaPorte Public Transit Goes Green
- Schools Score Technical Education Grants
- IWU Selects New President
- Massive Reservoir Project Receives Commission Support
updated: 1/2/2008 7:11:19 AM
Fort Wayne Company Plans Nearly $7 Million Expansion
Vita Nonwovens in Fort Wayne says it will spend nearly $7 million on equipment to add a new production line. The expansion is expected to create 22 new jobs. The company is a producer of nonwoven fiber material used in automotive, filtration, medical and mattress applications.
Source: Inside INdiana Business
IIB Twitter Watch
Press Release
FORT WAYNE, Ind. (December 31, 2007)—Vita Nonwovens, a producer of high quality nonwoven fiber material used in automotive, filtration, medical and mattress applications, is expanding its manufacturing strength through the addition of a new high capacity nonwoven production line to complement its existing line in Fort Wayne. The new equipment is to be installed in February 2008 at a cost of just under $7 million (U.S.) and is expected to be fully operational the later half of 2008. Plans call for the addition of 22 jobs in connection with the project. The company’s current local workforce totals 25.
“Vita Nonwovens is looking to expand its market and product potential while at the same time taking advantage of our existing Fort Wayne facility to ease capacity constraints elsewhere in our system,” said Jason Johnson, Vice President of Operations for Vita Nonwovens. “We started production here in 2003 and it has always been our intention to grow our presence in Northeast Indiana when the time was right. We believe that time has come.”
The company currently holds a long term lease on a manufacturing and distribution facility at 9403 Avionics Drive in Fort Wayne’s Airport Business Center. Philip Knapke of Martin Goldstine Knapke continues to service Vita’s real estate needs.
“Nearly five years ago Vita Nonwovens recognized the benefit of establishing an operation here and it’s great to see this reinvestment at this time,” stated Fort Wayne Mayor Graham Richard. “With other key operations in North Carolina and Texas, we believe Fort Wayne offers Vita immediate access to automotive and other markets of great importance to the company going forward.”
At an upcoming meeting the Fort Wayne Common Council will consider a phase in of property taxes on the new equipment. In addition to tax abatement, other incentives offered to the company include comprehensive workforce development assistance for both prospective and incumbent workers through the local WorkOne office (www.workonenortheast.org). The Fort Wayne-Allen County Economic Development Alliance is coordinating the community’s interaction with the company.
Vita Nonwovens is part of The Vita Group, a private company owned by TPG, Inc. since 2005. More information is available at www.thevitagroup.com.
Source: The Fort Wayne-Allen County Economic Development Alliance
