Terre Haute Area Economic Development Co

TO PROMOTE BUSINESS GROWTH AND ATTRACT NEW BUSINESS AND INDUSTRY TO TERRE HAUTE AND VIGO COUNTY, INDIANA.

OVERVIEW OF THE ACCOMPLISHMENTS OF THE TERRE HAUTE ECONOMIC DEVELOPMENT CORPORATIONBELOW ARE HIGHLIGHTS OF THE TERRE HAUTE ECONOMIC DEVELOPMENT CORPORATION'S ACTIVITIES FOR THE 2021-2022 FISCAL YEAR* * * * *GREAT DANE TERRE HAUTE EMBARKS UPON NEW $50 MILLION CENTRAL FABRICATION PROJECT "WE ARE REALLY EXCITED ABOUT THIS STEP IN GREAT DANE'S HISTORY", SAID WILLIAM CROWN, PRESIDENT AND CEO OF CC INDUSTRIES, THE PRIVATELY-HELD HOLDING AND MANAGEMENT COMPANY FOR THE OPERATING ASSETS OF THE CHICAGO-BASED CROWN FAMILY DURING A DEDICATION CEREMONY ON FRIDAY, FEBRUARY 18, 2022, AT GREAT DANE'S TERRE HAUTE FACILITY. (GREAT DANE IS A CCI INDUSTRIES COMPANY.) "WE HAVE ENJOYED A LONG HISTORY IN INDIANA, BEGINNING WITH OUR BRAZIL PLANT IN 1974. WE OPENED AN ASSEMBLY PLANT IN TERRE HAUTE IN 1996 AND WE HAVE A BRANCH COMPANY STORE IN INDIANAPOLIS. ALL TOGETHER THAT MAKES INDIANA HOME TO MORE THAN 1,500 EMPLOYEES AND ASSOCIATES AND IS THE STATE THAT BOASTS THE MOST GREAT DANE PERSONNEL OF ANY STATE," ACCORDING TO MR. CROWN.AS A BIT OF BACKGROUND, IN 1996 (AS NOTED BY MR. CROWN), GREAT DANE PURCHASED A SHUTTERED, FORMER J.I. CASE CONSTRUCTION EQUIPMENT MANUFACTURING PLANT (WHICH WAS ORIGINALLY BUILT AS AN ALLIS CHALMERS ELECTRICAL TRANSFORMER AND SWITCHGEAR MANUFACTURING FACILITY IN THE EARLY 1950S). FAST FORWARDING TO 2022, GREAT DANE'S TERRE HAUTE PLANT WILL BECOME THE COMPANY'S CENTRAL FABRICATION FACILITY IN SUPPORT OF ALL NINE GREAT DANE MANUFACTURING PLANTS THROUGHOUT THE UNITED STATES. THE PLANNED EXPANSION WILL BE A HIGHLY-AUTOMATED FACILITY THAT WILL FEATURE ROBOTIC LASERS, WELDERS AND OTHER SOPHISTICATED MANUFACTURING EQUIPMENT. ACCORDING TO COMPANY REPRESENTATIVES, A VISION FOR A COMPANY CENTRAL FABRICATION FACILITY FIRST STARTED ABOUT FIVE YEARS AGO. WE ARE VERY FORTUNATE THAT THE TERRE HAUTE PLANT WAS SELECTED TO BE THE HOME OF THE CENTRAL FABRICATION FACILITY. THIS FACILITY WILL GREATLY ENHANCE GREAT DANE'S PRODUCTION VOLUME AT ALL NINE GREAT DANE MANUFACTURING PLANTS.IN ADDITION TO THE $50 MILLION INVESTMENT, GREAT DANE PLANS TO CREATE 125 NEW JOBS (AS WELL AS RETAIN THE 500+ EXISTING JOBS) IN TERRE HAUTE. THE PROJECT WILL BE COMPLETED IN PHASES, WITH THE FIRST AUTOMATED SYSTEMS OCCUPYING APPROXIMATELY 170,000 SQUARE FEET. BY THE END OF 2024, THE CENTRAL FABRICATION FACILITY WILL OCCUPY APPROXIMATELY 420,000 SQUARE FEET OF PREVIOUSLY-VACANT SPACE AT THE TERRE HAUTE FACILITY. IN ADDITION TO MR. WILLIAM CROWN AND U.S. SENATOR TODD YOUNG, VIGO COUNTY GOVERNMENT OFFICIALS AND A NUMBER OF GREAT DANE OFFICERS AND EMPLOYEES PARTICIPATED IN THE FEBRUARY 18TH EVENT.THE TERRE HAUTE ECONOMIC DEVELOPMENT CORPORATION WORKED CLOSELY WITH TERRE HAUTE GREAT DANE PLANT MANAGER MATTHEW JOHNSON REGARDING THE PROPOSED CENTRAL FABRICATION PROJECT, WITH THE FIRST MEETING TAKING PLACE IN MARCH, 2021.GREAT DANE IS AN INDUSTRY LEADER IN THE DESIGN AND MANUFACTURE OF HIGH-QUALITY TRAILER AND TRUCK BODIES. AS A 120 YEAR-OLD COMPANY, GREAT DANE HAS A VERY RICH HISTORY. ONE CAN READ ABOUT THE COMPANY'S HISTORY AND LEARN A GREAT DEAL ABOUT TODAY'S GREAT DANE AT WWW.GREATDANE.COM.STEEL DYNAMICS, INC. TO CONSTRUCT $231 ADDITION TO ITS VIGO COUNTY INDUSTRIAL PARK FACILITYFORT WAYNE, INDIANA-BASED STEEL DYNAMICS, INC. (NASDAQ "STLD") RECENTLY COMMENCED CONSTRUCTION ON A $231 MILLION, NEARLY 400,000 SQUARE FOOT ADDITION TO ITS EXISTING VIGO COUNTY INDUSTRIAL PARK FACILITY. NEW EQUIPMENT TO BE ADDED INCLUDE A GALVANIZING LINE (THIS WILL BE STEEL DYNAMICS' (SDI'S) SECOND TERRE HAUTE GALVANIZING LINE), A PAINT LINE, CRANES, WATER TREATMENT EQUIPMENT, RAIL YARD, SCRAP YARD AND COIL HANDLING EQUIPMENT.IN 2018, SDI PURCHASED THE FORMER 800,000 SQUARE FEET CSN, LLC STEEL PROCESSING FACILITY IN THE VIGO COUNTY INDUSTRIAL PARK. (THIS FACILITY STARTED LIFE AS A START-UP COMPANY, HEARTLAND STEEL, WITH GROUND BROKEN ON JUNE 23, 1998.) THE EXISTING PLANT HAS AN ANNUAL CAPACITY OF ONE MILLION TONS PER YEAR. ITS RAW MATERIAL IS A HOT BAND STEEL COIL. PROCESSES PERFORMED ON A TYPICAL HOT BAND COIL INCLUDE PICKLING, REDUCTION (OF GAUGE/THICKNESS), GALVANIZING, ANNEALING AND SLITTING. THE FINISHED PRODUCT IS A COLD ROLL STEEL COIL THAT IS THEN DELIVERED TO THE CUSTOMER FOR FINAL PROCESSING AND/OR SALE. TECHNICALLY, THE VIGO COUNTY FACILITY COMPRISES THE HEARTLAND DIVISION WITHIN SDI'S FLAT ROLL GROUP.THE VIGO COUNTY PROJECT IS SCHEDULED FOR COMPLETION BY THE END OF 2024. A TOTAL OF 84 NEW JOBS WILL BE CREATED AT AN ANNUAL AVERAGE WAGE OF $80,000 PER YEAR (EXCLUDING BENEFITS) AS A RESULT OF THE PROJECT. (SDI CURRENTLY EMPLOYS 226 AT AN AVERAGE WAGE OF $95,757 (EXCLUDING BENEFITS)).STEEL DYNAMICS, INC. WAS FOUNDED IN 1993 AND HAS SEEN NEAR METEORIC-GROWTH SINCE. TODAY, AS A FORTUNE 500 COMPANY, SDI IS ONE OF THE LARGEST STEEL PRODUCERS AND METAL RECYCLERS IN THE UNITED STATES WITH WELL OVER 13 MILLION TONS OF STEEL MANUFACTURING CAPACITY AND TOTAL ANNUAL SALES IN EXCESS OF $10 BILLION. THE COMPANY'S PRODUCTS INCLUDE HOT AND COLD ROLL STEEL, COATED SHEET STEEL, STRUCTURAL STEEL BEAMS AND SHAPES, RAIL, ENGINEERED SPECIAL-BAR-QUALITY STEEL, COLD FINISHED STEEL, MERCHANT BAR PRODUCTS, SPECIALTY STEEL SECTIONS, STEEL JOISTS AND DECKING. THE COMPANY ALSO PRODUCES LIQUID PIG IRON AS WELL AS PROCESSES AND SELLS FERROUS AND NONFERROUS SCRAP. MOST RECENTLY, THE COMPANY COMMENCED PRODUCTION AT ITS NEW $1.9 BILLION STINTON, TX MANUFACTURING FACILITY.THE TERRE HAUTE ECONOMIC DEVELOPMENT CORPORATION HAS WORKED WITH SDI OFFICIALS (IN BOTH TERRE HAUTE AND FORT WAYNE) REGARDING THIS EXPANSION PROJECT SINCE MARCH, 2020. ADDITIONAL INFORMATION ON STEEL DYNAMICS CAN BE FOUND AT WWW.STEELDYNAMICS.COM.C.H.I. OVERHEAD DOORS SELECTS TERRE HAUTE FOR THE COMPANY'S SECOND MANUFACTURING FACILITYC.H.I OVERHEAD DOORS (CHI) IS A MANUFACTURER OF RESIDENTIAL, COMMERCIAL AND HIGH-SPEED OVERHEAD DOORS. THE COMPANY WAS FOUNDED IN ARTHUR, IL IN 1981. ANYONE DRIVING THROUGH ARTHUR, IL ON ILLINOIS ROUTE 133 WILL PASS BY CHI'S IMPRESSIVE, NEARLY 1,000 EMPLOYEE FACILITY.FOLLOWING AN EXTENSIVE SITE-SEARCH FOR A SECOND MANUFACTURING LOCATION, CHI HAS ACQUIRED AN EXISTING BUILDING AT 1440 SAVANNAH AVENUE IN TERRE HAUTE. CHI WILL EXPEND APPROXIMATELY $13 MILLION TO PURCHASE, IMPROVE AND EQUIP ITS NEW FACILITY. A TOTAL OF 130 NEW JOBS WILL BE CREATED. IMPROVEMENTS TO THE NEW FACILITY ARE NOW WELL-UNDERWAY.ACCORDING TO REMARKS MADE BY ANDREW STRANGE OF CHI AT A SEPTEMBER, 2021 MEETING OF THE TERRE HAUTE CITY COUNCIL, "TERRE HAUTE WOULD BE OUR MANUFACTURING SITE, SO WE WILL MANUFACTURE GARAGE DOORS HERE IN TERRE HAUTE, THEN SHIP THEM OUT AS FINISHED GOODS, SO THERE WILL BE NO DISTRIBUTION . . . WE DELIVER TRUCKLOADS TO OUR DEALERS PER THEIR ORDER." (NOTE THAT MR. STRANGE IS A TERRE HAUTE NATIVE AND AN INDIANA STATE UNIVERSITY GRADUATE. MR. STRANGE ALSO PLAYED BASEBALL FOR THE ISU SYCAMORES.) THE TERRE HAUTE ECONOMIC DEVELOPMENT CORPORATION FIRST COMMENCED WORK WITH CHI REPRESENTATIVES IN MARCH, 2021. IN ADDITION TO MR. STRANGE, IT WAS OUR PLEASURE TO ALSO WORK WITH MR. SCOTT O'NEAL WHO ALSO HAS STRONG TERRE HAUTE/VIGO COUNTY TIES. TODAY, CHI IS OWNED BY KOHLBERG KRAVIS ROBERTS (KKR & CO.) AND BOASTS OVER 1,500 DEALER/INSTALLER CUSTOMERS THROUGHOUT NORTH AMERICA. ADDITIONAL INFORMATION ON C.H.I. OVERHEAD DOORS CAN BE FOUND AT WWW.CHIOHD.COM.COLORADO'S BOLDER INDUSTRIES ACQUIRES FORMER PYROLYX TERRE HAUTE FACILITYBOLDER INDUSTRIES OF BOULDER, COLORADO (WWW.BOLDERINDUSTRIES.COM) RECENTLY ANNOUNCED THE COMPANY'S ACQUISITION OF THE 66,000 SQUARE FEET FORMER PYROLYX, U.S.A. MANUFACTURING FACILITY IN TERRE HAUTE, WHICH CEASED OPERATIONS IN MARCH, 2020. BOLDER INDUSTRIES PLANS A TWO-PHASE UPGRADE TO THE FORMER PYROLYX FACILITY. PHASE 1 WILL ENTAIL THE REMOVAL OF THE FORMER PYROLYX MANUFACTURING EQUIPMENT/PROCESS AND REPLACING WITH BOLDER'S PROPRIETARY SYSTEM. PHASE 1 WILL ENTAIL NEW INVESTMENT OF APPROXIMATELY $40 MILLION AND THE CREATION OF 40 NEW JOBS. PHASE 2 WILL ENTAIL ADDITIONAL EXPANSION OF THE MANUFACTURING CAPACITY, WHICH WILL REQUIRE ADDITIONAL INVESTMENT OF ANOTHER, APPROXIMATELY $40 MILLION AND THE CREATION OF 20 ADDITIONAL NEW JOBS. PHASE 1 IS INTENDED TO BE COMPLETED IN EARLY 2023 AND IS ESTIMATED TO DIVERT APPROXIMATELY THREE MILLION TIRES FROM LANDFILL DISPOSAL OR BURNING. ACCORDING TO A DECEMBER 7, 2021 BOLDER PRESS RELEASE ANNOUNCING THE PROJECT, "UPON COMPLETING THE INTEGRATION OF THE COMPANY'S PROPRIETARY MATERIAL SCIENCE PROCESS, THE TERRE HAUTE FACILITY WILL REPURPOSE THE CHEMICALS IN END-OF-LIFE TIRES TO CREATE BOLDERBLACK AND BOLDEROIL FOR RUBBER, PLASTIC AND PETROCHEMICALS SUPPLY CHAINS AND THEIR NEW PRODUCT OUTPUTS. IN THIS RECOVERY PROCESS, 98% OF THE TIRE'S MATERIALS ARE UTILIZED AND 75% OF THE SOLIDS AND LIQUIDS MAKE THEIR WAY BACK INTO TIRES, MANUFACTURED RUBBER GOODS AND PLASTICS. BOLDER INDUSTRIES' RAW MATERIALS HAVE AN AVERAGE OF 85% SAVINGS IN GREENHOUSE GAS EMISSIONS