Somebody has to make the parts that create the machines that manufacture the stuff consumers buy. Because, hey, that equipment doesn’t build itself.
PDQ Tooling said it will invest $7.2 million to set up a Columbia City shop that will do just that. The startup expects to create up to 45 jobs within the next five years, an official said Tuesday.
Positions will include CNC machining and design and will pay $15 to $25 an hour, general manager Aaron Schoon said. CNC is shorthand for computer numerical controlled.
Production is scheduled to ramp up in three to four months. The company will design and make custom indexable cutting tools for the automotive, agriculture and industrial industries. Indexable tools use inserts.
It’s a cost-conscious way of machining, Schoon said.
PDQ Tooling is a natural expansion for owner Jerry Busche, who launched sister company PDQ Workholding in 2010, Schoon said. The same customer who buys cutting tools typically needs workholding pieces, which hold production parts for machining.
It’s kind of a one-stop shop, Schoon said. It synergizes really well.
Busche said he explored various options for where to expand his Columbia City workholding operation, which employs about 45.
With increasing demand for our product, we needed an environment that would help us succeed. And one element that has helped boost our success is Indiana’s outstanding business climate, he said in a statement. Through the hard work of our employees and the dedication to making the best products available, we look forward to continuing (to build) on our success here.
The Indiana Economic Development Corp. has offered the company up to $300,000 in conditional tax credits, based on its hiring plans. Whitley County officials on Tuesday approved additional tax abatement. The estimated savings wasn’t immediately available.