TIPPECANOE COUNTY, Ind. (WLFI) – After rebuilding a tornado-damaged facility, voestalpine Rotec is ready to add a new investment and new jobs.
Tippecanoe County Commissioners approved a seven-year property tax abatement of $4 million of capital investment at the plant. The investment will bring new machinery to the facility to build suspension systems for high-end electric vehicles.
In November, the south side plant was heavily damaged by the tornado. The plant’s president Andrew Ball said he learned of the expansion before the tornado hit.
“We’re fortunate we received the reward basically the week of the tornado,” Ball said. “With everything else our focus was to get back and going on the existing business. This is all new business.”
The expansion will bring 15 new jobs. Training for the jobs will begin right away. Production is expected to begin early next year. For information on job opportunities, click here.