Rod to expand
Rod Products, a manufacturer of headed and threaded fasteners,
has announced that it will expand its operations creating up to
33 new jobs by 2013 investing $3.1 million to phase in new machinery.
Our traditional markets have matured, and we need to expand
our manufacturing capabilities in order to realize the growth
potential that exists in other fastener related markets,
said Jeff Liter, president of Ohio Rod Products.
Ohio Rod Products is finding a way to grow in the midst
of tough economic times and theyre doing it here in Indiana,
said Mitch Roob, Secretary of Commerce and chief executive officer
of the Indiana Economic Development Corporation. We appreciate
the new jobs and investment they are committing to Ripley County.
The Indiana Economic Development Corporation offered ORP up to
$160,000 in performance-based tax credits and up to $50,000 in
training grants based on the companys job creation plans.
The town of Versailles will consider additional property tax abatements.
ORP also received a $500,000 grant from the City of Lawrenceburgs
Regional Economic Development Grant program.
We are thrilled to have Ohio Rod Products in Versailles
and to see the company succeed and grow during these tough economic
times. The company is a hard working group moving forward,
said Dee Dee Benkie of the Versailles Town Council. The
town is thankful for Ohio Rod and also Governor Mitch Daniels
and IEDC director Mitch Roob for making Indiana a business friendly
Gary Norman, Ripley County Economic Development Director, stated,
We would like to thank the City of Lawrenceburg for making
this expansion possible. Ohio Rod Products is a progressive company
that is moving forward.
ORP was founded in 1947 in Cleveland, Ohio, and moved to Versailles
in 1966. The company currently employs 70 associates and plans
to begin hiring additional manufacturing and supervisory personnel
this fall. The company is a part of the Elgin Fastener Group and
has sister facilities in Cleveland, Ohio; Martin, Tennessee and