Tipp City company plans to expand, hire more workers

Business
May 25, 2011
X

Process Equipment Co. of Tipp City will receive a $1 million loan from the state to be used toward the company’s expansion, pending final approval from the State Controlling Board.

The company plans to use the money to purchase machinery and equipment to meet additional customer demand. PEC has committed to create 62 new full-time jobs and retain an additional 130 jobs as part of the project, according to State Sen. Bill Beagle (R-Tipp City).

PEC will contribute $2.5 million toward the project, Beagle said.

PEC makes custom welding equipment and fabricates machine tools for the alternative energy, automotive, defense, aerospace, power transmission and other industries.

In Other News
1
Elsa’s chain closes one of its Dayton-area restaurants
2
Green Farm Juicery opens in West Chester: Owners say the overall...
3
Helicopters and pyrotechnics: Expect noise as 178th trains this weekend
4
New local practice among growing trend of independent doctors who don’t...
5
By Golly’s opens Wednesday in Springfield, two guests will win free...