Baril Coatings USA Growing in Angola
November 3, 2014
ANGOLA, Ind. - Baril Coatings USA, LLC, an industrial coatings manufacturer, announced plans today to expand its operations here, creating up to 16 new jobs by 2017.
The company, which is a joint venture with Netherlands-based Baril Coatings BV, will invest $1 million to construct and equip a 4,000 square-foot finished goods warehouse adjacent to its 17,000 square-foot manufacturing facility in Angola. With plans to be fully operational by January, the new warehouse will improve process flow and increase production capacity, allowing the company to double sales of its patented dual cure coating technology within the next two to three years.
"When international companies consider where to grow, Indiana is competing and winning time and time again for their jobs and investment," said Victor Smith, Indiana Secretary of Commerce. "Baril Coatingsnew coating technology fits in perfectly here, with a Hoosier workforce known for its skill in manufacturing and knack for innovation. As a state that works for business, we welcome Baril Coatings’ new jobs to Indiana."
Baril Coatings, which currently employs 19 full-time Indiana associates, plans to begin hiring for production and administrative positions in December. Interested applicants may apply online at www.barilcoatings.com/carreer or in person at 401 Growth Parkway in Angola.
"We have decided to remain in Angola for several reasons," said Michael Williams, director of operations at Baril Coatings. "The city, county and state have been very aggressive insuring a proactive and welcoming business climate. The area also offers a strategic business location combined with excellent educational and recreational opportunities and a top notch workforce. Angola has been our home for almost four decades and we look forward to our continuing success here in Northeast Indiana."
Founded as Freda, Inc. in 1976, Baril Coatings provides protective coatings for original equipment manufacturers, primarily in the maintenance, architectural, automotive, agricultural, transportation and marine markets. Indiana is Baril Coating's only U.S. location, with 12 additional facilities in Europe. With its patented dual cure coating technology, the company's coatings increase the energy efficiency of products for its customers, while at the same time decreasing the time required for coating. This technology has led to exponential increases in demand of the company's coatings over the last three years.
The Indiana Economic Development Corporation offered Baril Coatings USA, LLC up to $75,000 in conditional tax credits and up to $25,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Angola approved additional incentives at the request of the Steuben County Economic Development Corporation.
"Baril Coatings is a valued Angola employer with excellent wages," said Angola Mayor Richard Hickman. "It's exciting to see this family-owned company growing. The city of Angola is happy to assist with their expansion plans."
With the state’s strong business climate, expanding companies like Baril Coatings choose to locate their growth in Indiana. Just last month, LureCraft also announced plans to expand its operations in Steuben County, producing a line of fishing lures featured on the National Geographic channel and planning to create 91 new Hoosier jobs in the coming years.
About Baril Coatings
Baril develops, manufactures and supplies coatings. Our strength is the combination of expertise and advanced production facilities. The basic attitude of the Baril organization is nature driven. "Achieve more with less" is Baril people's mantra when they make decisions in respect to usage of raw materials, energy and process steps in the factory. This mantra is supported with "right in the first time" to serve customers and minimize losses and efforts. Baril’s vision in respect to sustainability has led to thin film technology, combined with superb durability.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its
Source: The Indiana Economic Development Corp.'