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Turkish manufacturer selects Muncie for U.S. headquarters

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Turkey-based Kermit USA LLC, a manufacturer and distributor of resin composite roofing systems, announced Friday morning that it plans to add 70 jobs by 2016 as part of a $12.5 million expansion in Muncie.

The company said the investment will go toward equipping 44,000 square feet of space at the city’s newly created Turkish Business Center for its U.S. headquarters and first facility in North America.

The facility also will serve as a manufacturing and distribution center, and will produce recyclable composite slate tiles for the Midwestern residential market.

Kermit has 120 employees globally and plans to begin hiring for administrative, production and insulation positions, as well as for warehouse and logistics jobs, next summer.

The Indiana Economic Development Corp. said it will provide Kermit up to $300,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job-creation plans. The city of Muncie will consider tax-increment financing.

“After the recent trip to Turkey by city leaders, we were convinced that Muncie was our new home,” Kermit President Erdal Cakici said in a written statement. “Indiana’s friendly business atmosphere and the accommodating nature of these officials helped make our decision.”

Founded in 2004 in Istanbul by an investment group, Kermit operates internationally in France, Libya, Moldova and Iran.

 

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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