Machine Shop Looking to Double Work ForcePosted: Updated:
Edinburgh-based CL Tech Inc. is planning to add 30 jobs over the next three years. The CNC machine shop expects its nearly $5 million investment to boost sales by one-third. November 21, 2014
EDINBURGH, Ind. - CL Tech, Inc., a precision, high-volume CNC machine shop, announced plans today to expand its operations here, creating up to 30 new jobs by 2018.
The homegrown-Hoosier company will invest $4.8 million to construct and equip a 6,500 square-foot addition to its Edinburgh facility, installing CNC lathes, mills, robotics, cold roll spline and thread rolling processes. Bringing its total operations to 13,000 square-feet by December 2015, the company expects a 35 percent growth in sales with its expansion.
"When one Hoosier manufacturer grows, so does its network of suppliers," said Eric Doden, president of the Indiana Economic Development Corporation. "CL Tech's expansion comes to us as a byproduct of that network, supported by a workforce of Hoosiers empowered with the skills and drive that keep Indiana's economy growing."
CL Tech, which currently employs approximately 30 full-time Indiana associates, has already begun hiring CNC machinists, equipment operators, forklift drivers and administrators. Interested applicants may apply at the company's facility at 216 N. Main Street in Edinburgh.
"CL Tech is excited to announce the addition of new employees and more space in Edinburgh," said James Krohn, president of CL Tech. "Our location allows us to service our central U.S. customers very well. We look forward to our continued partnership with the community and state. We appreciate the low cost of doing business as well as business friendly environment here in Indiana."
Founded in 1978, CL Tech is a state-of-the-art machine shop, utilizing robotics and CNC machines to produce a high volume of precision parts. Evolving from its roots as a designer and builder of manufacturing dies, today the company serves customers in the automotive, engine components, recreational vehicles, aerospace and off-road industries. CL Tech is an ISO 9001:2000 facility by the International Organization for Standardization.
The Indiana Economic Development Corporation offered CL Tech, Inc. up to $210,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Edinburgh approved additional incentives.
"The addition of these new jobs is great news for our community," said Ron Hoffman, president of Edinburgh Town Council. "CL Tech has had a positive impact on Edinburgh and we are pleased they decided to continue that relationship by choosing to expand their facility."
Indiana boasts the largest concentration of manufacturing jobs in the U.S., with companies like CL Tech growing as part of the state's strong manufacturing network. With this growth, Indiana has led the nation in manufacturing job growth over the past year.
About CL Tech
A precision machine shop that specializes in high volume CNC machining based on customer design and requirements. In addition we produce short run production for both machined, fabricated and stamped parts, which we often keep on the shelf (in inventory) for many of our customers. For more information about CL Tech, visit www.cltech.info.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: The Indiana Economic Development Corp.