The company will invest $2.8M in the new plant, expected to create up to 60 new jobs.
Officials at Micro Machine Co. LLC, an orthopedic medical device manufacturer, announces plans to establish a new manufacturing facility in Warsaw, IN, creating up to 60 new jobs by 2015.
The Kalamazoo, MI-headquartered company will invest $2.8 million to lease, renovate, and equip an 11,000ft2 space in Warsaw.
“Today’s announcement builds on our strength as the Orthopedics Capital of the world and is the latest proof that Indiana continues to spur an economic ecosystem that fosters strong investment and job creation,” says Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corp.
Micro Machine, which currently has 72 employees in Kalamazoo and eight Hoosiers in Warsaw, will continue hiring additional machinists and quality control associates early next year.
“Kosciusko County has the talent pool that we need to enable us to grow in the future,” says Clive Scott, chief executive officer of Micro Machine. “We are grateful to the local community and state of Indiana for allowing us to establish a business presence in Warsaw.”
Founded in 1964, Micro Machine provides precision machined parts for the medical device industry, with a focus on the orthopedic and spinal industries. While the company has a national customer base, two of its biggest customers, Dupuy Orthopaedics and Zimmer, are located in Warsaw.
The Indiana Economic Development Corporation offered Micro Machine LLC up to $550,000 in conditional tax credits and up to $35,000 in training grants 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. Kosciusko County approved additional property tax abatement at the request of the Kosciusko Economic Development Corp.
“The city of Warsaw is pleased to welcome Micro Machine to our community of orthopedic manufacturing,” says Warsaw Mayor Joe Thallemer. “The local availability of a specialized workforce training program will provide them with a great advantage to grow in the industry and grow with our community."
Micro Machine’s new facility is located in the same building as Iconacy Orthopedic Implants, an orthopedic developer and manufacturer that announced this fall its decision to expand operations in Warsaw. In September, Iconacy made plans to invest $2.63 million to renovate and equip its new space and create up to 50 new jobs by 2015.