A startup manufacturing company is planning to invest $23 million to establish operations in Marshall County. Indiana Wheel Corp., which is a joint venture led by China-based Jingu Company Ltd., says it will create up to 117 jobs in Plymouth over the next few years. The company will produce and distribute steel wheels, with production expected to start later this year.
IWC plans to 60 full-time employees by the end of this year, including executives, skilled machinists and operations and administrative associates. President David Saylor calls Indiana "the perfect place" to launch the steel wheel manufacturer serving the trailer and RV industries, citing "a low-cost, business-friendly environment and highly-skilled workforce."
Plymouth Mayor Mark Senter says the announcement reflects the cities efforts to prepare itself for new business expansions.
The Indiana Economic Development Corp. is offering IWC up to $1.2 million in conditional tax credits based on the job creation plans. The city of Plymouth is considering additional incentives.