IN: Cold Heading Company to Double Size, Add 30 Jobs
19 May, 2016
Cold Heading Company, a global manufacturer of cold formed fasteners for the automotive, heavy truck, agriculture, marine and industrial industries, announced plans to double the size of its manufacturing facilities in Fremont, Indiana, creating up to 30 new jobs by 2019.
"Indiana is home to the highest concentration of manufacturing jobs in the nation, helping our state add more than 136,000 Hoosier jobs in just the last three years,” said Victor Smith, Indiana Secretary of Commerce. “The industry’s rich history here has created a strong and skilled Hoosier workforce, building products here in Indiana that are shipped across the country and around the world. Combined with the state’s central location and strong business climate, it’s clear why companies like Cold Heading Company are choosing Indiana to create new manufacturing jobs.”
The Warren, Michigan-based company broke ground last week on an expansion of its 22-acre campus at 900 Cassell Drive in Fremont. With its growth, the company will invest $12.5 million to double the size of its two facilities, which will cover a combined 148,000 square feet when construction is complete in early 2017. Cold Heading Company’s growth will allow it to add additional manufacturing capacity to produce its fasteners, with demand increasing by 20 percent from customers around the world including Ford, Chrysler, Nissan and General Motors.
Cold Heading Company currently employs more than 800 associates across three states, including 130 employees at its Fremont facility and an additional 45 people at its Hudson, Indiana facility. As part of its growth, the company is currently hiring machine operators, tool room associates and repair technicians, with positions expected to pay above the average Steuben County wage. Interested applicants may apply for positions by emailing a resume to HR@coldheading.com or filling out an application in person at the company’s 900 South Casselle Drive facility.
“Cold Heading Company started a small plant in Hudson, Indiana in 1996,” said Dave Goss, vice president of manufacturing at Cold Heading Company. “As the company started seeing increased sales, we decided our next venture would be in Fremont, Indiana. We are choosing to locate this expansion in Fremont today because Cold Heading Company will be able to hire employees with world-class skill sets to produce at high rates with first-class quality. That, combined with the Midwest family values here in Northeast Indiana, made this the ideal place for our company’s third generation of owners to grow our business.”
Founded in 1912 and opening its Fremont facility in 1998, Cold Heading Company was an early leader in supplying fasteners for automotive manufacturers across the country and around the world. The family-owned business operates U.S facilities in Indiana, Michigan and Ohio, as well as international sales offices in Mexico, Japan and China.
The Indiana Economic Development Corporation offered Cold Heading Company up to $175,000 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 Fremont approved additional incentives at the request of Steuben County Economic Development.
“The town of Fremont is happy to support the growth of Cold Heading Company,” said Steve Brown, president of the Fremont Town Council. “The company has been an asset to the community for the past two decades and we hope to see the company grow and prosper for decades to come.”
Today, one in five Hoosiers work in the manufacturing industry, supporting 515,000 jobs in Indiana. With global companies like Cold Heading Company shipping Hoosier-built goods around the world, Indiana exports have increased by 177 percent over the last 15 years, shipping $33.65 billion of Hoosier-built goods around the world just last year, according to the U.S. Department of Commerce’s National Trade Database.
About Cold Heading Company
Since 1912, the Cold Heading Company has meant much more than quality and innovation. For nearly 100 years we have weathered every economic downturn. Our company is well capitalized, strong, and stable, a rarity in global manufacturing today. As a fully integrated corporation, our facilities are stocked with the cold forming and thread rolling equipment required to meet the short lead times our customers demand. With locations in the United States, our global reach means we manufacture and distribute products where our customers need them most. This combination perfectly positions us to serve as your complete fastener solution for years to come.
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.