Statement issued Monday:
FORT WAYNE, Ind. (August 22, 2011) – Artek, Inc. has announced they have purchased a new facility on 6707 Gabion Way. In the next year, the company plans to invest $400,000 on property improvements and manufacturing, distribution and technology equipment. Artek will be eligible for a ten year abatement of both real and personal property taxes with an estimated savings of $45,567.
Artek is currently located at 3311 Enterprise Road and the company will retain this location and add a new one. The company will also expand its new location by 2,600 square feet to enclose a loading dock and add two new docks.
Artek is the leading producer in Duravar-Ultra High Molecular Weight Polyethylene plastics. These plastics accommodate many industries such as agricultural, bottling and canning, food processing, farm implement, transportation, and many others. Artek works closely with each customer/industry to design and produce high performance solutions that meet or exceed industrial requirements.
“We continue to offer the best customer service and highest quality UHMW-PE products in the industry. As the economy grows we need to position ourselves to meet the increasing demand from our valued customers,” said Tim Dammeyer, president of Artek. “The additional capacity of this expansion project will ensure our ability to accomplish this goal”.
“Fort Wayne is proud to salute Artek’s success and its continuing investment in our community,” stated Mayor Tom Henry. “We’re working every day to make Fort Wayne the best place to start and grow a business. This latest expansion signals the strength of this thriving company, and sends another positive signal about Fort Wayne’s competitive business climate.”
Artek, Inc., a manufacturer of Ultra-High Molecular Weight Polyethylene was incorporated in February, 1985 with a purpose to produce and sell a quality, high performance polymer called Duravar-UHMW-PE. Artek continuously strives to satisfy the customer’s needs, and is committed to meeting their daily challenges by providing dependable quality, reliable support and faithful service. To learn more about Artek, visit www.artek-inc.com.
The Fort Wayne-Allen County Economic Development Alliance began in 2000 as the lead organization for economic development activities throughout the county. We are a not-for-profit organization supported by Allen County, the City of Fort Wayne, the Greater Fort Wayne Chamber of Commerce and the Fort Wayne-Allen County Airport Authority. The Alliance’s goal is to further the base employment of Allen County through business retention, expansion and attraction projects. To learn more about the Alliance, visit www.theallianceonline.com.