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Daniels on hand for KIHM announcement (with video)

Friday, March 27, 2009

(Photo)
Gov. Mitch Daniels meets KIHM Metal Technologies, Inc., employee Anthony Young. [Order this photo]

A packed house listened intently Friday as Gov. Mitch Daniels joined representatives from KIHM Metal Technologies, Inc., to announce the company's plans to expand manufacturing operations.

The expansion could create more than 40 jobs during the next three years, according to company officials.

"We've got a very good work force here," company co-owner Bill Kaupp said.

According to company engineering manager Buddy Raderstorf, the industry specializes in metal fabrication and precision machine for aerospace and power generation industries.

KIHM, according to a press release provided by the Indiana Economic Development Corporation (IEDC), will invest more than $530,000 to add manufacturing space to its already existing 16,000-square foot building. KIHM also has plans to upgrade equipment and add new production shifts through the expansion efforts.

Kaupp said designs are already in place for the expansion.

"We feel like we're fairly well positioned," Kaupp said.

One of the reasons for the expansion was to help with work on a "fire bottle," which is part of a fire suppressant system for aircraft crews.

"We're right at the forefront of hopefully getting that," Kaupp said. "We're hoping over the next few years to employee 40-50 (additional workers)."

Kaupp and his brother, Clem, co-own the business, which was born in New Jersey in the 1920s. The company was established in Clay County in 2006.

Currently, the local business employees 16 workers. Plans have been made to add additional employees as soon as equipment upgrades are completed.

"We want you to grow and succeed," Daniels said after the initial announcement was made. "What they do here is unique. The kind of work that is done here can't be done just by anybody."

The IEDC offered KIHM up to $350,000 in performance-based tax credits and up to $39,500 in training grants based on the company's job creation plans.

According to the IEDC release, Clay County will consider additional property tax abatements at the request of the West Central Indiana Economic Development District, but Kaupp said the company has been approved for tax abatements.

Under the current economic conditions, Daniels said he was pleased to be able to make Friday's announcement.

"It's like swimming against a tidal wave, but there are some good signs in the economy," Daniels said. "This feels great. These are the towns that have made Indiana great.

"Even in the midst of global economic uncertainty, great companies like KIHM reinforce that Indiana is the right place to grow a business," Daniels added. "Our business-friendly environment makes a community like Brazil an ideal setting for more investment."

Clay County Commissioner's President Charlie Brown said the county's relationship with KIHM is "good."

"We want to continue that," Brown said. "This project is a good example of how state and county can work together."

Commissioner Paul Sinders added the county continually looks to bring in new industry.

"Clay County is working hard to invite, encourage and work with business and industry leads who are interested in moving to West Central Indiana and we appreciate the support from the state," Sinders said. "We welcome KIHM and look forward to a long and positive working relationship with them."


What is KIHM?

KIHM Metal Technologies, Inc., was founded in 1924 as a metal spinner for the fine silver market, New Jersey-based C.B. Kaupp and Sons, which eventually evolved into a supplier to the military aviation industry with the onset of World War II.

Today, the company, along with KIHM, which was established in 2007, continues to produce components for the military and commercial aircraft markets.


Comments
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It good to see more jobs coming to Clay County. Maybe someday we will be known for more than just Great Dane.

-- Posted by th1953 on Fri, Mar 27, 2009, at 2:20 PM

I agree

-- Posted by kd323 on Fri, Mar 27, 2009, at 3:49 PM

If Paul Sinders spent more time on roads and less time on stuff he has no involvement, then I would not need a realignment on my car. The roads are worse than anytime in the past ten years....keep up the good work Paul

-- Posted by Lafin on Fri, Mar 27, 2009, at 5:47 PM

The roads on 400 East, 700 North, 100 East are terrible to drive on with the cars or trucks. The cars get flat tires over the holes in the roads and I think the county highway needs to get something done to these county roads and just saying that they will do it and just get busy on these county roads.

-- Posted by AmayaTsuki on Sat, Mar 28, 2009, at 7:33 AM

Why didn't KIHM metals report that they had people laid off from work? Just another way for Mitch to think he looks good. He can't even take care of the State employees, let alone anyone else. Hey Charlie, wake up and smell the roses!

-- Posted by Katrina on Sat, Mar 28, 2009, at 11:05 AM

You may have a beef with the County officials, but they are elected. You may have a beef with Mr. Daniels, but like it or not, OUR state is in good fiscal shape thanks to him. After a long winter, I am certain that the roads will be fixed soon.

-- Posted by Conservative Dad on Sun, Mar 29, 2009, at 5:13 PM

I would hope that those who continue to complain about the roads in this county are also coming out to speak against the proposal to put the property tax issue into the state constitution.

Why? Because the 1,2,3% way we are doing it now is taxing people at unequal levels which is AGAINST the law according to our state constitution that way it was written. Why is it ok to tax a farmer at higher rate than a home owner? Why is it ok to tax a small local businessman higher than a homeowner? When Indiana's constitution was written this was addressed to protect all state's citizens and treat them all equally.

Another good reason to fight this is because unlike rich counties like Marion, with falling home values, if local government is limited to just being allowed to raise taxes 1%, Clay county is likely to have even less money to keep those roads and other projects taken care of. Taxes are the only way we can keep our county in decent shape. Putting this into the state constitution not only will make what we are currently doing illegally, legal, but will surely break the bank in counties with lower economic status.

-- Posted by Jenny Moore on Mon, Mar 30, 2009, at 7:46 AM

Don't get too excited Brazil, KIHM still has several employees laid off. They need to take care of them first.

-- Posted by reddevil on Sat, Apr 4, 2009, at 12:47 AM


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