Image via Wikipedia
Global Parts Network, LLC, a manufacturer of heavy-duty truck parts, announced today that it will establish a new manufacturing and distribution operation here, creating up to 30 new jobs by 2014.
The company, which manufactures brake shoes for tractor trailers and heavy-duty trucks, will invest more than $3.2 million to lease and equip 73,000 square feet of space for production and distribution of the truck parts. The facility will be the company's first Indiana operation.
"Indiana continues to be an attractive place for new investment for global manufacturers and today that means more job opportunities in South Bend," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
Global Parts Network plans to begin hiring manufacturing and distribution workers in the second quarter of 2011 with an anticipated operational date in July.
"Global Parts Network continues to grow to meet the needs of the VIPAR Heavy Duty network of distributors and this expansion allows us to better serve our customer base in the U.S. and Canada. The South Bend area provides an excellent combination of strong transportation infrastructure and a solid base of skilled labor," said Stephen Crowley, president and chief executive officer of Global Parts Network, LLC.
Global Parts Network is a wholly owned subsidiary of VIPAR Heavy Duty Inc. Founded in 1989 VIPAR Heavy Duty encompasses a network of more than 115 heavy-duty truck parts distributors operating more than 500 locations across the United States, Canada, Mexico and Puerto Rico. Headquartered in Crystal Lake, Ill., Global Parts Network's other manufacturing facility is in Salt Lake City, Utah.
The Indiana Economic Development Corporation offered Global Parts Network, LLC up to $145,000 in performance-based tax credits and up to $5,000 in training grants based on the company's job creation plans. The city of South Bend will consider additional property tax phase-in.
"We are delighted to welcome Global Parts Network to South Bend," said Mayor Steve Luecke. "Their investment in our community is a win for Indiana and for the greater South Bend region. The new jobs they are creating highlight our strategic location for distribution, affordable cost and robust power grid, which provide a competitive advantage for business."
The announced expansion of Global Parts Network LLC comes just two months after industrial coatings maker Deloro Stellite announced it will invest $5 million to lease and equip additional manufacturing space at its Eisenhower Drive location in nearby Goshen, creating up to 46 new jobs by 2014.
About Global Parts Network
Global Parts Network, LLC provides seamless service support exclusively to the VIPAR Heavy Duty network of distributors and suppliers. Specializing in high volume, fast moving parts, Global Parts Network operates dedicated production facilities offering new and remanufactured brake shoes, shoe kits, friction materials and related products; as well as parts distribution centers for other products serving the U.S., Canada, Mexico, and Puerto Rico.
About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.
There are no comments
Please login to post comments