St. Regis USA Inc., a manufacturer of hand-etched and hand-painted glass and crystal products, plans to expand its operations in Indianapolis, creating up to 41 new jobs by 2014, the company said Thursday.
The company, which produces glass and crystal awards, beverageware, trophies and desk accessories, plans to invest more than $4.18 million to purchase and equip a 90,000-square-foot facility on the northeast side of the city, it said.
St. Regis USA is a division of Ontario-based St. Regis International Inc. The company currently employs more than 200 workers at its facilities in the United States. The company said it has already begun hiring new production associates for its expansion.
"Logistically, Indianapolis provides us with an ideal shipping location to handle not only the lucrative Northeast market, but also reasonable shipping times and costs to the Southwest and West Coast." said Richard Firkser, president and CEO of St. Regis International, in a prepared statement.
Founded in 1999, St. Regis International also operates crystal decorating and distribution company Etching Industries Corp.
The Indiana Economic Development Corp. offered St. Regis Crystal up to $200,000 in performance-based tax credits and up to $35,000 in training grants based on the company's job-creation plans. The city of Indianapolis granted additional property-tax abatement.