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MI building deal finalized

Thursday, June 11, 2009

* IVC moving headquarters to Brazil

Brazil will soon become home to the headquarters of a multi-national corporation.

IVC Industrial Coatings, Inc., Brazil location, General Manager Bud Beverly confirmed to The Brazil Times a deal has been reached for the purchase and lease of the former MI Windows and Doors building. IVC is moving its corporate headquarters from Indianapolis to the new location.

"We have purchased approximately 150,000 square feet of the building and are leasing the other 35,000 for a short period of time with the intent to purchase down the line," Beverly said. "Over the next few weeks, we will begin construction and making upgrades to the facility."

IVC representatives have been in negotiations to purchase the building for more than a year, as officials were waiting for results from environmental testing of the area.

"Environmental testing had to be approved before the purchase could go through," Beverly said.

With the move, Brazil will have two IVC locations, with the existing powder division located at 2831 E. Industrial Park Dr. Beverly said the current location will house the corporate offices and administration.

"Our chemists and other workers will be at the new location, which will also be producing liquid paint products," he said.

While financial terms of the deal were not disclosed, Beverly told The Brazil Times he hopes the new plant will be in full operation by the end of the year.

"We are not sure at this time how many open positions will be available as we are offering our current employees the option to transfer to Clay County," he said. "As we move closer to the time we open, we will have a better idea of how many may be hired."

Beverly added the tax abatements, which the Clay County Council approved in April 2008, are still in effect and work to get the building ready will begin soon.

"We will be cleaning up the facility and getting things set up and ready to open for business," he said.

IVC has other locations in the United States in Arizona, Georgia and Michigan, along with operations worldwide in China, Malaysia and the United Kingdom.

The corporation is also a leading resource and supplier in powder, liquid and specialty coatings for commercial and consumer customers including Bose, Dynamic Plastic Corporation and Herman Miller.

To learn more about IVC, log on to www.teamivc.com.

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What happened to all those good paying jobs they were supposed to have at the other plant? That never really happened , did it. They hired most of their people through temp. services. This is a pretty small town and I don't know anyone who works there.

-- Posted by JimJim69 on Thu, Jun 11, 2009, at 8:13 PM

No new jobs, now the ink is dry, and probably the only thing it will bring to Brazil is paint fumes and chemical solvents in our water supply,this isn't progress, makes people consider relocating.

-- Posted by Ombudsman on Sun, Jun 14, 2009, at 4:50 PM

You don't have to live in Brazil to work in Brazil. Yes, it would be nice if the people of Brazil had employment opportunities. However, we do not know until the company arrives in town if opportunities will be there or not. If there are not employment opportunities, at least the town of Brazil will have more money coming into the town. Let's also keep in mind the families in Indianapolis that are hurting and losing jobs because IVC is moving to Brazil. This isn't one sided move. Who knows, this could be the start of other companies wanting to move their headquarters there.

- IVC spouse

-- Posted by l99j on Mon, Jun 15, 2009, at 9:12 AM

just why is it, every time a new business or project comes to Brazil the nay sayers are always voicing their opinions, which is their right but for pete's sake, let's try a little optimism and give it a try. maybe this is why businesses shy away from Brazil because our reputation preceeds us.

-- Posted by Tracy Jones on Tue, Jun 16, 2009, at 12:27 PM

In response to the comments regarding Indianapolis employees losing jobs, they have all been given the opportunity to relocate to Brazil or commute. Depending on the number choosing to do this will determine how many additional employees will be needed.

Local officials have toured the existing Indianapolis facility and have returned with positive comments with regards to emissions.

85% of the current work force at the Brazil powder plant are from Clay Co. 38 of 45 employees there hold permanent IVC jobs with 7 from temp services.

Fair wages plus profit sharing bonuses are paid.

-- Posted by IVC Rep on Wed, Jun 17, 2009, at 4:12 PM

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