NEW ALBANY, Ind. — Southern Indiana’s manufacturing momentum continues unabated as GIM, Inc., a Network Partner of SPS Technology and a U.S. manufacturer of Sandwich Plate Systems, announces plans to invest $18,472,000 in a new manufacturing campus in the former Tokusen USA facility on West Weir Road in Scottsburg, Indiana. The company’s investment, which includes nearly $10 million in land acquisition, $3 million in new construction, $1.125 million in improvements to existing buildings, over $3 million in lease payments, and over $1.25 million in new equipment, furnishings, fixtures, hardware and software, will result in up to 135 new full-time positions paying well above the average wage in Scott County.
GIM Inc.’s Sandwich Plate System is a load-bearing structural composite panel with a high strength-to-weight ratio and extended fatigue life, which makes it an ideal replacement for concrete in bridges, parking garages, stadiums and arenas, heavy-duty and clean room floor panels, and special applications such as threat protection. GIM product lines include agricultural, commercial and industrial steel frames and educational facilities. SPS avoids the negative environmental effects of concrete while offering time savings and reducing road shutdowns and slowdowns during bridge construction, allowing many bridge projects to go from 6 to 12 months to an installation time of 45 days and less.
“This is an important strategic investment for GIM, Inc.,” said company president Chris Gibbs. “We are launching entry into a market to meet the increased demand for environmentally sound, time-saving solutions for infrastructure in the United States and beyond. The State of Indiana, the City of Scottsburg and One Southern Indiana (1si) have been fantastic partners, working hard to make this process smooth as we are choosing southern Indiana for our manufacturing footprint.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment of up to $1.9 million in GIM, Inc. through incentive-based tax credits. The tax credits are performance-based, meaning GIM, Inc. can claim incentives once Indiana residents are hired. In addition, the City of Scottsburg is offering the company personal and real property tax abatement, phasing in over five and10 years, respectively.
Click here for more Kentucky business news.