Officials with an Ohio-based company say they are in the middle of hiring nearly 400 workers at a foundry outside Indianapolis.
IBJ reported in February that ID Castings LLC planned to invest $51.4 million to overhaul the former Noblesville Foundry on South Eighth Street, resurrecting a property that has been underused for years.
That plan calls for boosting employment at the Noblesville castings foundry through 2018, The Indianapolis Star reported Friday.
The foundry had just 17 workers in 2008 when the 13.9-acre site was owned by Indiana Ductile LLC
ID Castings bought it in October 2013 and received a three-year tax abatement from Noblesville earlier this year to help it rebuild the plant and ramp up production.
The company has spent about $15 million and increased the workforce to 41 workers. Plant engineer John Kelley said the foundry has more than doubled production.
the 13.9-acre site and a warren of well-worn foundry buildings in October. Previous owner Indiana Ductile LLCThe operation dates back to the late 1800s, when the Noblesville Foundry Machine Co. opened at the corner of Division and Seventh streets.
Historical files in the Hamilton East Public Library’s Indiana Room show operations continued under the name McElwaine Richards Co. Machine Works (which moved the facility to Eighth Street) and later Union Sanitary Manufacturing Co., which made enameled bathtubs and the like.
Over time, production transitioned to a wide range of metal parts, and the company eventually become known as Noblesville Casting Co.