DrillingWorld Grows Its Indiana Operations
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.
The Tracy, 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 April.
DrillingWorld 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 facility.
“Indiana 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 productive workforce.”
The Indiana 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.
DrillingWorld’s 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.
The Tracy, 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 April.
DrillingWorld 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 facility.
“Indiana 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 productive workforce.”
The Indiana 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.
DrillingWorld’s 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.
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