FORT WAYNE – A Warsaw medical device manufacturer plans to open a plant in Rome City, creating up to 60 new jobs by 2015.
Precision Medical Technologies Inc., a contract manufacturer of orthopedic implants and instruments, will invest $4.36 million to lease, renovate and equip a 30,000-square-foot facility, the Indiana Economic Development Corp. announced Monday night.
Precision Medical plans to begin hiring machinists, CNC programmers and administrative associates next year in Rome City, a Noble County community northeast of Warsaw.
The company currently employs 75 in Indiana.
The companys expansion is based on new business rather than transferring work from the Warsaw facility, the statement said.
Kurt Kamholz, president and co-owner of Precision Medical, said in a statement the company is excited about the new location based on the work ethic and local support in the area.
Mondays statement did not say where in Rome City Precision Medical will locate, and IEDC spokeswoman Katelyn Hancock said she did not immediately have that information.
She also said policy prevented her from disclosing pay range for the jobs being added.
A Precision Medical contact could not be reached Monday night.
The IEDC offered Precision Medical Technologies Inc. up to $450,000 in performance-based tax credits and up to $35,000 in training grants based on the companys job creation plans. The town of Rome City has granted property tax abatement.