Web Industries, a global supplier of flexible material converting and end-product manufacturing services, is expanding its operations in Fort Wayne, IN. The company will invest more than $8 million and create up to 45 new jobs by 2019.
“As the home to more than 8,500 manufacturing establishments, Indiana workers are making products each day that can be found throughout the world,” said Indiana Secretary of Commerce Jim Schellinger. “We are excited Web Industries made the decision to expand their operations here, taking advantage the state’s central location, low cost of doing business and skilled workforce. We are confident the company will continue to find the resources they need to not only grow, but to thrive in Indiana for years to come.”
The employee-owned company, which formats materials that can be found in airplanes, juice boxes, extension cords and medical testing consumables, is expanding its current 110,000-square-foot manufacturing facility in Fort Wayne. Construction is currently underway to add an additional 50,000 square feet and is expected to be completed by the end of the year. The new space will support multi-color printing and large format spooling assets, which are part of the company’s converting and manufacturing processes. Over the last 10 years, the company’s Fort Wayne location increased its gross sales by 16.5 percent and its employee headcount by 56 percent.
Web Industries currently employs more than 500 employee-owners across seven manufacturing locations in Europe and the U.S., which includes the site in Fort Wayne as well as U.S. sites in Georgia, Massachusetts, Texas, Connecticut and Vermont; as well as a site in Germany.
“Indiana offers Web Industries many business and quality-of-life advantages,” said Mark Phil, president and chief operating officer of Web Industries. “The state’s sound fiscal policies and infrastructure investments have created a strong pro-business environment. The Hoosier workforce is skilled, educated and passionate about building success. The state’s central location and extensive transportation system allow us to easily support our expanding customer base. In short, we’ve found that Indiana has all of the advantages of the state’s larger neighbors with few of the downsides, if any.”
The Indiana Economic Development Corporation (IEDC) offered Web Industries up to $70,000 in conditional tax credits based on the company’s job creation plans. These tax incentives are performance-based, so until employees are hired, the company is not eligible to claim incentives. The city of Fort Wayne will consider additional incentives.
“Fort Wayne continues to be a leader in job and business growth,” said Mayor Tom Henry. “Companies like Web Industries are making a lasting and meaningful difference in our community and region. We appreciate Web Industries’ commitment to expanding in Fort Wayne and being part of the momentum and investments we’re experiencing as a point of destination city.”
Relocating Or Expanding Your Business In Indiana
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