Drilling & Trenching Supply Inc., doing business as DrillingWorld, a manufacturer of tooling and parts for the drilling and trenching industries, has announced plans to expand its operations in Indiana, creating up to 30 new jobs by 2015.
Calif.-headquartered company invested approximately $1.7 million to combine its
two Indianapolis-area facilities into a larger facility in Shelby County, Ind.
DrillingWorld purchased, refurbished and equipped a 59,000-square-foot building
on the southeast side of Shelbyville, and the facility became operational in
originated 28 years ago as a one-man supplier to foundation trenching companies
in the western United States, and has since grown to a global company serving
more than 5,000 customers. All of the Indianapolis-based staff accepted
DrillingWorld’s offer to transfer to the new site, and the company already has begun
hiring additional warehouse and manufacturing staff at its new Shelbyville
offered an excellent opportunity for DrillingWorld to expand its domestic
manufacturing operations in a competitive environment with a motivated and
productive workforce,” says Dave Moran, founder and president of DrillingWorld.
“DrillingWorld’s long-term business plan will focus on expanding domestic
manufacturing and decreasing offshore sourcing. The motivating factors for
expanding domestic manufacturing include superior-quality control and higher-quality
materials such as steel and faster production lead times. These motivating
factors are a direct result of Indiana’s highly motivated, experienced and
Economic Development Corp. offered Drilling World up to $210,000 in
performance-based tax credits and up to $35,000 in training grants, based on
the company’s job creation plans, while the city of Shelbyville has granted
additional financial incentives and equipment property tax abatement at the
request of the Shelby County Development Corp.
announced expansion comes just one month after Japan-based NTN announced plans
to invest more than $18 million to purchase additional production equipment for
its one-million-square-foot facility in nearby Bartholomew County. The project
is expected to create up to 50 new jobs by 2013.