Press release from the Indiana Economic Development Corporation
(Brookville, Ind.) - Uni-Ref, Inc., a refractory products manufacturer, announced plans today to relocate its headquarters from Sharonville, Ohio to here, creating up to 50 new jobs by 2015.
The company, which is a subsidiary of United Refractories Co. in McMurray, Pa., will purchase and renovate a 270,000 square-foot facility on a 23-acre campus at 8031 Golden Road in Brookville. The facility will be fully operational by early next year.
"It is not by accident that the national trend of companies relocating work to Indiana continues despite the slow national economy," said Dan Hasler, Secretary of State and chief executive officer of the Indiana Economic Development Corporation. "By choosing the Hoosier State as the home of its headquarters, Uni-Ref reaffirms Indiana's reputation for low taxes, high-quality production and talented workforce."
Uni-Ref, which currently employs 55 associates at its Ohio and Pennsylvania facilities, plans to begin hiring new production, warehouse and quality control associates in Brookville next year.
"There were numerous reasons for choosing Indiana as our new location," said Fred Daniels, vice president of operations of Uni-Ref. "The number one reason was the business-friendly environment and lower tax base for businesses. The support from local Hoosiers and the Franklin County Economic Development Corporation also made it easy to choose Brookville as the location for our new headquarters."
Founded in 1983 in Sharonville, Ohio, Uni-Ref manufactures a heat-resistant material that makes up the protective linings of high-temperature furnaces, reactors and other processing units. The ISO 9001 certified company has grown its business to include customers around the world in the foundry, steel, aluminum, cement, lime and power industries.
The Indiana Economic Development Corporation offered Uni-Ref, Inc. up to $500,000 in conditional tax credits and up to $70,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Franklin County will support the project through additional incentives at the request of the Franklin County Economic Development Commission.
"The addition of 50 new jobs is a shot in the arm for Franklin County," said Franklin County Commissioner Scott McDonough. "We are thrilled that Uni-Ref has chosen Brookville for its headquarters and look forward to a long-standing relationship with the company."
Uni-Ref is the twelfth company this year to make plans to relocate operations from a neighboring state to Indiana, accounting for more than 780 new jobs and more than $30.7 million capital investment.
Uni-Ref designs innovative, durable refractories focusing on customer specific needs and applications. Our technically driven products include our UNI-RAM VR dry vibratables for induction furnaces and our cutting edge cupola products, to Rapid Fire, accelerated dry-out technology, and UNI-SHOT/UNI-BRADE abrasion resistant refractory products. Founded in 1983, Uni-Ref has provided outstanding quality, proven technology and customer focused service for 30 years.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.