Sunday, December 2, 2007

KVK Koetke GmbH Comes to New Castle

A German company is opening a plant in New Castle because the weak value of the American dollar lowers the cost of the investment, according to a report by the Indianapolis Business Journal. Founder Claus-Dieter Koetke told The Star-Press of Muncie that he located the facility in the eastern Indiana city because the person who will be president of the facility, Chad McClung, lives in nearby Connersville. The $3 million project by KVK Koetke GmbH will be located in an existing building and will employ 25 workers by 2010. The plant will pay workers $18 an hour. KVK Koetke GmbH produces customer-oriented hollow parts for technical parts of the automobile industry, heating technology, medical technology as well as for the packaging industry and other branches of the thermoplastic resins industry.

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