Indiana Economic Development Corp. and Calumet Specialty Products and Government & Economic Development and Economic Development and Manufacturing & Technology

Calumet plans to add 48 jobs at Indianapolis headquarters

May 25, 2012

Oil refiner Calumet Specialty Products Partners said it plans to expand its Indianapolis headquarters, adding 48 jobs by 2015.

The company, which produces oils, solvents, waxes, said it will make a multi-million-dollar investment to purchase a new enterprise resource planning system and computer equipment at its headquarters at 2780 Waterfront Parkway.

Calumet, which currently has 75 full-time Indiana employees, has begun hiring management, accounting, sales, human resources and information technology workers.

Calumet began operations in 1990 with the acquisition of a specialty lubricants refinery in northwest Louisiana and a distribution terminal in Burnham, Ill. The company now operates five additional plants in Louisiana, Pennsylvania, Texas, Wisconsin and Missouri.

The Indiana Economic Development Corp. offered Calumet up to $400,000 in tax credits and up to $137,500 in training grants. The city of Indianapolis will consider additional property tax abatement.

Calumet's profit has surged in recent quarters, fueled partly by the purchase of a refinery in Superior, Wis., last September that gave it access to relatively cheap Canadian crude oil.

The company earlier this month raised more than $150 million in a secondary stock offering that will help fund additional growth.



 

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