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PRD INC Expands Its Springville, Indiana Manufacturing Facility

Monday June 17, 2013

PRD Inc., plans to expand its operations center in Springville, Indiana. Last December PRD committed to invest $3 million to equip its 60,000 square-foot facility in Lawrence County. As part of the project, the company purchased 13 pieces of new equipment that will allow PRD to produce new products including automotive and industrial lighting with LED technology.

The company, which employs more than 110 Hoosiers in Springville and produces plastic parts for tier one and two automotive suppliers, as well as industrial, medical, business equipment, electronic and military clients, plans to continue hiring production operators and technical associates this year.

"We're experiencing robust growth here at PRD, with associates who take pride in the efficient production of quality products," said John Passanisi, president of PRD. "We appreciate that Indiana and Lawrence County are spectacular places to do business, with state and local leaders understanding what it takes to grow and thrive in the marketplace."

"Indiana's manufacturing industry continues to fuel our economy, spurred by our low tax rates and supportive business environment," said Lt. Governor Sue Ellspermann. "During my visit to PRD's facility today, I was impressed with the company's injection molding process and its talented workforce. I look forward to witnessing what's around the corner for PRD as the company illustrates the benefits of doing business in southern Indiana."

The Indiana Economic Development Corporation offered PRD, Inc. up to $40,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, Lawrence County approved additional tax abatement at the request of the Lawrence County Economic Growth Council.

"The county has on several occasions granted PRD tax abatement and we are very excited about its recent growth as well," said Gene McCracken, president of the Lawrence County Council. "Its president, John Passanisi, has been a great help in providing jobs for this community and we greatly appreciate PRD and the work its employees have done in growing our local economy."