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PVD Coatings Will Spend $9M On Plant Upgrades

Wed, 07/20/2011 - 9:09am

WARSAW, Ind. (AP) — A company that provides finish coatings for automotive wheels plans to expand its operations in northern Indiana and hire dozens of more workers.

Winona PVD Coatings announced Wednesday that it would spend about $9 million on new equipment for its Warsaw plant, where it now has about 35 workers. The company says it will increase its production from coating about 240,000 wheels a year to 960,000 wheels annually.

The company was founded in Warsaw in 2007 and plans to start hiring 70 additional employees later this year.

The Indiana Economic Development Corp. offered Winona up to $525,000 in tax credits based on its hiring plans.

 

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