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.
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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