Novae Corporation, North America's third largest utility trailer manufacturer, announced plans to expand its operations here, creating up to 75 new jobs by 2016.
The homegrown-Hoosier company will invest $5.9 million to construct and equip a 73,000 square-foot facility at the Markle Industrial Park, a state-certified shovel ready site, which will be its fourth manufacturing facility in northeast Indiana since 2005. The new operation will be online and fully functional by November.
"Indiana is leading the charge for job creation, with companies both at home and abroad finding the perfect business climate here for growth and opportunity," said Eric Doden, president of the Indiana Economic Development Corporation. "Companies like Novae know from experience that Indiana is a state that works, complete with the skilled manufacturing workforce and affordable cost of doing business they need to succeed."
This announcement continues Novae's growth in northeast Indiana. In 2010, the company made plans to invest $686,000 to purchase, redevelop and equip a 150,000 square-foot facility in Columbia City, creating up to 20 jobs by 2013. The company has since exceeded that goal, currently with approximately 350 full-time Indiana associates. Novae plans to begin hiring CDL drivers, welders, painters, assembly personnel, administrative and management professionals for its new Markle facility in July.
Founded in 1995, Novae designs and manufactures utility and cargo trailers, as well as lawn, garden and agricultural equipment. Novae has three product lines including Sure-Trac® utility trailers, Cardinal farm products and Novae® lawn care products. With its new production facility in Markle, the company also plans to add staff at its Columbia City, North Manchester and original Markle facilities to foster its continued growth.