S&H Metal Products Adding Jobs
March 12, 2012
Topeka, Ind. - S&H Metal Products, Inc., a manufacturer of sheet metal products, announced plans today to expand its operations here, creating up to 18 new jobs by 2015.
The company, which produces both galvanized and aluminum sheet metal for the RV industry, will purchase new computer numerical control equipment to fabricate new designs for the companys custom line of sheet metal products and components.
"Northern Indiana's prominence as an epicenter for the RV industry is further strengthened with S&H's expansion plans," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Our low-tax business climate encourages sustainable growth for companies and promotes more jobs for Hoosiers."
S&H, which currently employs 20 full-time associates in Topeka, Ind., has already begun hiring additional handling, operating and transportation associates.
"We expanded our operations in Topeka because LaGrange County has some of the best workers in the world," said Fritz Helmuth, founder and president of S&H Metal Products. "Our location in the heart of the RV industry gives us a competitive edge for our business."
Founded in 1972 by Helmuth, the company started operations as a manufacturer of light-galvanized fabrication parts for the RV and modular home industries. S&H specializes in the 'just in time' production strategy to provide RV manufacturers with parts on an as needed basis.
The Indiana Economic Development Corporation offered S&H Metal Products, Inc. up to $150,000 in conditional tax credits 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 Topeka Town Council initially approved additional property tax abatement at the request of the LaGrange County Economic Development Corporation.
"We are grateful for the investment by S&H Metal into their facility in Topeka," said Yvonne Eash, president of the Topeka Town Council. "They are a valued long-term employer in our community."
S&H's recent expansion joins the growing list of jobs announcements in northern Indiana's manufacturing industry. Just last week, Supreme Industries, Inc., a full-line manufacturer of customized truck bodies, announced plans to expand its operations in nearby Elkhart County, investing $7.71 million and creating up to 350 new jobs by 2015.
S&H Metal Products, located in Topeka, Ind., is a leading custom sheet metal fabricator. We are a highly skilled team with years of engineering and design experience. Our manufacturing capabilities and experienced workforce have allowed us to specialize in supplying high quality customized sheet metal parts, components and finished goods that span a broad range of industries.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer 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 actual investment. For more information about IEDC, visit www.iedc.in.gov
Source: Indiana Economic Development Corporation'