Economic Development

Shelbyville to Debut Giant Sculpture

Downtown Development | Economic Development | Parks and Recreation | Press Release

Image Source: Rachael Ackley

Article Source: Inside Indiana Business

SHELBYVILLE –
Officials in Shelbyville will this evening unveil a new art installation in the city’s downtown. The city says the four-story, $150,000 sculpture known as Blue River – Wind, Rain and Water anchors its ongoing commitment to public art.

The sculpture was created by Shelbyville-native Mike Helbing and features a stainless steel reinforcement bar woven into a bulbous thunderhead and torrential rain. It straddles the Blue River Recreational Trail and is located near the Big Blue River and Porter Center in Shelbyville.

“This particular sculpture represents the themes of the site and the identity with the converging of the Big Blue and Little Blue rivers and the importance of the rivers to the community in its historic context,” said Amy Haacker, executive director of the Blue River Community Foundation.

The project was funded through $50,000 commitments from the foundation and the city, as well as $25,000 commitments from Shelby County Tourism and Knauf Insulation. Lights for the sculpture will be turned on during a public ceremony tonight, scheduled for 6:00 p.m.

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Images Source: Rachael Ackley

Poet Begins Construction on New Facility in Shelbyville, Indiana

Economic Development | Press Release

Source: POET, LLC

PRES. TRUMP’S COMMITMENT TO YEAR-ROUND E15 PROVIDES MARKET FOR INDUSTRY GROWTH

Friday, October 26, 2018

SHELBYVILLE, IN (Oct. 26, 2018) – Following a strong directive from Pres. Trump to lift the outdated regulations stifling E15 fuel, POET is moving forward with full construction of a new biofuel facility in Shelbyville, Indiana.

Final permit approval came this week for the planned 80 million-gallon-per-year facility. With full construction started, the expected completion date for the nearly $160 million facility is spring of 2020.

“This is the right project in the right location at the right time,” POET CEO Jeff Broin said. “Farmers desperately need the income boost from this new market for grain, and Pres. Trump’s recent announcement of year-round E15 sales has the biofuels industry poised for new growth and prosperity. Shelbyville is leading the way for future production to meet new E15 demand. We’re excited to partner yet again with Indiana to create a cleaner, healthier environment for our children and grandchildren.”

POET Biorefining – Shelbyville will be the 28th starch biofuel plant in POET’s network, and the fifth in Indiana. It will add 45 full time jobs and $110 million in annual corn purchases for farmers in the area, primarily within a 30-mile radius. POET plans to start hiring for full-time positions in spring 2019.

New demand for biofuels is expected in coming years once the Trump Administration provides full consumer access to E15 year-round. President Trump announced earlier this month that he has directed the EPA to fix outdated regulations that limit E15 availability.

E15 is a higher octane, cleaner burning and lower cost blend of 15% biofuel. Full implementation of E15 nationwide would add 7 billion gallons of biofuels demand and an additional 2 billion bushels of corn demand for farmers who have been struggling with low crop prices and declining farm income over the last five years. This additional demand is important for communities that rely on agriculture to drive their economies.

“POET’s project provides jobs right here in Shelby county, but its indirect effects will extend well beyond that,” said Brian Asher, Shelby County Development Corporation Executive Director. “This boosts income for farmers, expands the tax base and circulates new dollars across the entire economy.”

The new facility includes POET’s state-of-the-art environmental controls and production processes. Those include features such as the proprietary Total Water Recovery, which eliminates process water discharge from the plant, and POET’s patented BPX process, which lowers energy use and increases yield, making this state-of-the-art plant even more efficient.

POET’s Shelbyville project at a glance

– 80 million gallons of clean biofuel per year
– 28 million bushels annual corn demand
– Nearly 3 million in added value for local ag products
– Nearly $160 million capital investment
– $2 million+ in annual payroll
– 45 new full time jobs
– More than 275 temporary jobs during construction

About POET

POET, the world’s largest biofuels producer, is a leader in biorefining through its efficient, vertically integrated approach to production. The 30-year-old company has a network of 27 production facilities. POET, through its joint venture with DSM, also operates a commercial-scale cellulosic ethanol plant in Emmetsburg, Iowa. For more information, visit http://www.poet.com.

Grand Opening for Newest Industrial Partner, NSCI

Economic Development | Press Release

Photo Above: Then Governor Mike Pence, joins executive from NSCI for the groundbreaking of their Shelbyville Facility. Source H2O Designs/Rachael Ackley

MEDIA ADVISORY – July 17, 2018

Governor Holcomb to Celebrate New Manufacturing Facility in Shelbyville
Governor Eric J. Holcomb will join local officials and executives from Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. (NSCI) at 10 a.m. tomorrow to commemorate the company’s grand opening in Shelby County. Plant tours will be available to guests and media following the ceremony at 10:50 a.m.

NSCI is a wholly-owned subsidiary of Japan’s largest steel producer, Nippon Steel & Sumitomo Metal Corporation (NSSMC). In 2016, NSSMC announced plans to establish NSCI in Shelbyville, investing $50 million to construct and equip a 150,000-square-foot cold heading steel wire plant. The new facility is expected to create up to 70 new jobs by 2021, and the company has already hired 37 full-time associates in Indiana.

The company marks NSSMC’s sixth investment in Indiana, joining Indiana Precision Forge, Seymour Tubing Inc., IN/Tek and IN/Kote in New Carlisle, and Suzuki Garphyttan in South Bend. Indiana is home to more than 290 Japanese business establishments like NSCI that support more than 65,000 Hoosier jobs, and that figure continues to grow. During the last five years, the number of Hoosiers employed by Japanese companies increased by more than 40 percent, according to the Consulate-General of Japan in Chicago.

Japan-Based Company Picks Indiana for First U.S. Manufacturing Facility

Economic Development | Japanese Sister City | Press Release

SHELBYVILLE, Ind. (Aug. 2, 2017) – Kimura Foundry America, a global manufacturer of alloy castings for the automotive and industrial sectors, announced plans today to locate its first U.S. manufacturing facility in Shelbyville, Indiana.

“Indiana is a global destination for companies from around the world looking for a place to locate, grow and add new jobs,” said Jim Schellinger, Indiana Secretary of Commerce. “Kimura’s decision continues a long trend of international companies, including many from Japan, choosing to make Indiana their U.S. home. Over the years, we’ve been fortunate to develop a close friendship with Japan, and we’re excited to welcome our friends at Kimura Foundry America to Indiana.”

The company, which is a subsidiary of the Japan-based Kimura Group, will invest $8 million into its new Indiana operations, with plans to open by December 2018. The company has purchased a 10-acre property at 1200 Enterprise Drive in Shelbyville, and plans to break ground in October on a 35,200-square-foot facility, which will house high-tech 3D printing equipment. The new facility will allow the company to produce high-value, complex castings and molds for its quickly-growing U.S. clients in the automotive and pump manufacturing industries.

Kimura Foundry America is now recruiting for positions at its Shelbyville facility, which will include casting engineers, 3D model designers, casting simulation professionals and 3D printer operators, as well as foundry and inspection employees. As part of its growth, the company plans to create up to 20 new jobs by 2020. These positions are expected to pay an average wage above the state average. Interested applicants may apply online at www.kimurafoundry.com.

“When we were searching for our first U.S. manufacturing partner, Indiana offered exactly what we were seeking,” said Yoya Fukuda, Ph.D., president of Kimura Foundry America. “That is because Indiana is strategically located in the epicenter of the industries we serve. The state’s highly-developed transportation networks and its highly-skilled manufacturing workforce were an excellent match. Indiana has a long history of welcoming Japanese companies to the state, and we are looking forward to joining the many other Japanese companies in Shelby County.”

Celebrating its 90th anniversary this year, Kimura Group employs more than 830 associates at its 10 facilities across three campuses in Japan and at its North American sales office near Chicago. The company uses a proprietary process for casting molds using 3D printing technology, allowing it to manufacture products including stamping die castings and machine and industrial tool castings. These products are used in automotive engine parts, pumps, compressors and energy components.

The Indiana Economic Development Corporation offered Kimura Foundry America Inc. up to $225,000 in conditional tax credits and up to $25,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Shelbyville approved additional incentives at the request of the Shelby County Development Corporation.

“We are very pleased that Kimura has chosen Shelby County as their first U.S. venture,” said Shelbyville Mayor Tom DeBaun. “Association with our sister city has shown that personal relationships are important. The high-tech nature of this industry is very exciting for our community.”

Indiana is a global manufacturing center, with companies from around the world choosing to locate their operations in Indiana, which last week was ranked No. 1 in the nation by Business Facilities for its high concentration of manufacturing jobs. Approximately 280 Japanese manufacturing establishments currently call Indiana home, which employ more than 58,000 Hoosiers.

About Kimura Foundry America

Kimura Foundry America, a subsidiary of Japan-based Kimura Group, is committed to developing and refining its casting technology to produce castings of the highest quality for its customers. The Kimura Group is known throughout the world for its proficiency with the full mold casting process and we undertake work from an ever broadening industrial spectrum. But our desire to improve and expand the full mold casting technique – to push back the boundaries – is as firm as ever.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov


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Media Contacts:

Yoyo Fukuda, Ph.D. (Kimura Foundry America) – 224.806.1520 or you-ya@kimuragrp.co.jp

Abby Gras (IEDC) – 317.232.8845 or agras@iedc.in.gov

Japan-Based Auto Supplier Expands Manufacturing in Shelby County – RYOBI Die Casting

Economic Development | Press Release

Another victory for Shelby County. The collaboration between the City and County is why Shelby County stands out​

Thank you to Chairman Urakami and Ryobi Die Casting for their continued confidence in Shelby County…
FOR IMMEDIATE RELEASE
Japan-Based Auto Supplier Expands Manufacturing in Shelby County

Lt. Governor Holcomb Discusses Growth Plans with Company Chairman

INDIANAPOLIS (July 13, 2016) – Lt. Governor Eric Holcomb joined Hiroshi Urakami, the chairman of Japan-based Ryobi Limited, today at the Indiana Statehouse to discuss the company’s plans to expand its operations in Shelbyville, creating up to 150 new jobs by 2018.

“International manufacturers play a key role in Indiana’s economy. That’s especially true of Japanese manufacturers like Ryobi, which together employ more than 53,000 Hoosiers at facilities across our state,” said Lt. Governor Holcomb. “At our meeting today with Ryobi’s leadership team, we discussed Ryobi’s far-reaching impact on our state and how that impact will deepen as the company continues to choose Indiana for growth. We’re excited to see these 150 new jobs coming to Indiana, continuing Indiana’s ongoing momentum in job creation.”

The company will invest $97.5 million into its U.S. subsidiary Ryobi Die Casting USA, purchasing and equipping a 350,000-square-foot facility adjacent to its campus at 800 W. Mausoleum Rd. in Shelbyville. The facility, which will expand the company’s operations in Shelbyville to cover four buildings across 1 million square feet, will allow Ryobi to grow its structural and engine block die casting to increase production to process 500,000 castings annually by 2018. With construction expected to begin this fall, the company plans to begin operating in its new facility by late 2017.

Ryobi, which employs 8,900 associates globally, including more than 860 in Shelbyville, plans to hire for additional manufacturing and management positions over the next 18 months. Interested applicants may apply for open positions through the company’s website.

“Ryobi Die Casting is a world-leading manufacturer of powertrain and structural/body-in-white castings, said Tom Johnson, president of Ryobi Die Casting USA. “This investment clearly shows our commitment to the ever-expanding light weight and fuel efficient markets. Our company considered options on where to locate this expanded production, but we ultimately chose our Indiana facility because of the high-quality work our team performs here, as well as the excellent business environment that continues to support our growth.”

Ryobi launched production in Shelbyville in 1985, which is the company’s only manufacturing location in the United States. Operating 12 manufacturing facilities across six countries, Ryobi specializes in aluminum die casting for more than 300 different types of automobiles. Aluminum die casting helps make automobiles lighter and is a more environmentally-friendly alternative than traditional steel auto bodies. In Indiana, Ryobi produces transmission cases, housings, engine parts and structural parts for Ford, General Motors, Hyundai, Honda and Toyota. A publicly-traded company, Ryobi’s 2015 sales reached $2 billion, with the majority of its revenue coming from its die cast division.

Today’s announcement marks the third large economic development announcement in Shelbyville just this year. In March, Germany-based Krone North America announced plans to relocate its U.S. headquarters from Tennessee to Shelbyville, which will create 101 new Hoosier jobs. Japan’s largest steel producer, Nippon Steel & Sumitomo Metal Corporation (NSSMC), also announced that it is building a new facility in Shelbyville, with plans to add 70 new Hoosier jobs.

“I am very pleased at the announcement by Ryobi Die Casting,” said Shelbyville Mayor Tom DeBaun. “This is yet another example of government and industry working together to create an environment ripe for the growth of our existing partners and a testament to the business friendly atmosphere in Shelby County.”

The Indiana Economic Development Corporation offered Ryobi Die Castings (USA) Inc. up to $775,000 in conditional tax credits and up to $75,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Shelbyville will consider additional incentives at the request of the Shelby County Development Corporation.

Ryobi is the second Japan-based company just this week to announce that is growing and adding new jobs in Indiana. On Tuesday, Toyota Boshoku made news that it is expanding production in Gibson County to produce vehicle seats and doors for the Toyota Highlander and plans to create up to 160 new jobs by the end of the year. So far this year Japan-based Honda, NSSMC and NB Coatings have all announced that they are expanding in Indiana, growing the already more than 53,000 Hoosier jobs that exist at Japan-based companies throughout the state.

PHOTO: Lt. Governor Eric Holcomb and Mr. Hiroshi Urakami, chairman of Ryobi Limited, meet at the Indiana Statehouse to discuss the company’s Indiana operations. While meeting, Mr. Urakami formally committed to growing his company’s operations in Shelby County.

About Ryobi Die Casting USA

Ryobi Die Casting USA Inc. is located in Shelbyville, Indiana (20 miles southeast of Indianapolis). Our facilities include two die casting plants and a machining facility encompassing 560,000 square feet of manufacturing space. Established in 1985 as a subsidiary of Ryobi Limited (Japan), Ryobi has die casting facilities in Japan, China, Northern Ireland, Mexico, Thailand and the United States. The Ryobi Group of companies makes products that are used in a number of industries.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.

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Media Contacts:

John Chrzanowski (Ryobi) – 317 512 5777 or john.chrzanowski@ryobi.com

Brian Asher, Executive Director

Shelby County Development Corporation

16 Public Square, Suite A

Shelbyville, IN 46176

www.shelbydevelopment.com

Japan’s largest steel producer adding operations in Shelby County

Economic Development | Press Release

Governor Mike Pence and Shelbyville Mayor Tom DeBaun joined executives from Nippon Steel & Sumitomo Metal Corporation (NSSMC), Japan’s largest steel producer, today as the company announced plans to establish operations in Shelbyville, creating up to 70 new jobs by 2021.

“This is only possible because of the partnerships forged between the City, the County, Shelby County Development Corporation and the various schools!” Mayor Tom DeBaun

Japan’s largest steel producer adding operations in Shelby County