A southern Indiana injection molding and tool manufacturer has announced plans to create up to 160 new jobs by the end of 2019.
The Indiana Economic Development Corp. said Monday that Beach Mold & Tool Inc. will invest $23 million to expand its operations in New Albany. A new 140,000-square-foot warehouse expected to be complete by July 2016 will allow the company to convert existing space to manufacturing.
The IEDC offered Beach Mold & Tool up to $1.25 million in conditional tax credits based on the company's job-creation plans. It says the city of New Albany will consider additional incentives at the request of local economic development officials.
The company currently employs 665 people in New Albany.