Batesville Tool & Die Inc. announced Thursday that it plans to expand operations and create 40 jobs by 2013.
The global supplier of precision metal stamping components for the automotive and appliance industries plans to invest $9.7 million to purchase new equipment and add 25,000 square feet to its existing 250,000-square-foot facility.
The southeastern Indiana company, which also has a location in Mexico, operates three shifts. It plans to begin hiring additional plant employees in late 2011 as the new equipment is phased in.
"The addition of these large, specialized machines will continue to allow us to separate ourselves from conventional metal stampers and allow us to offer more services to our customers at world-class pricing and quality expectations,” company President and CEO Jody Fledderman said in a prepared statement.
Batesville Tool & Die’s customers include Honda, General Motors and General Electric.
The Indiana Economic Development Corp. offered the company up to $200,000 in performance-based tax credits and up to $75,000 in training grants based on the company's job-creation plans. The city of Batesville has approved additional property-tax abatement.