Winona PVD Coatings Plans Expansion
July 27, 2011
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WARSAW, IN – Winona PVD Coatings LLC, a provider of bright finish coatings to the automotive wheel industry, plans to expand its operations in Warsaw, IN, creating up to 70 new jobs by 2012.
The company, which coats 240,000 wheels per year using its non-hazardous G-Chrome® finish, will invest $9.16 million in process equipment over the next 12 months to increase production capabilities to 960,000 wheels per year.
Founded in 2007, Winona PVD currently employs approximately 35 fulltime workers at its Warsaw headquarters. The company plans to hire the additional 70 employees, beginning later this year, to coincide with this expansion.
The Indiana Economic Development Corp. offered Winona PVD Coatings up to $525,000 in performance-based tax credits based on the company's job creation plans. The Warsaw City Council initially approved tax increment financing (TIF) bonds at the request of the Kosciusko County Economic Development Partnership.
The company, which coats 240,000 wheels per year using its non-hazardous G-Chrome® finish, will invest $9.16 million in process equipment over the next 12 months to increase production capabilities to 960,000 wheels per year.
Founded in 2007, Winona PVD currently employs approximately 35 fulltime workers at its Warsaw headquarters. The company plans to hire the additional 70 employees, beginning later this year, to coincide with this expansion.
The Indiana Economic Development Corp. offered Winona PVD Coatings up to $525,000 in performance-based tax credits based on the company's job creation plans. The Warsaw City Council initially approved tax increment financing (TIF) bonds at the request of the Kosciusko County Economic Development Partnership.
