Ryobi Die Casting is investing in its Shelbyville facility that potentially could grow to more than 1,000 employees in 2025.
On Monday at the City of Shelbyville’s Common Council meeting, Ryobi received a 10-year tax abatement on a $6.87 million purchase of new manufacturing equipment that will include a new die cast machine.
Ryobi, with its principal office at 800 W. Mausoleum Road in Shelbyville, develops and produces state-of-the-art cast aluminum parts for the automotive industry. Ryobi is a Tier I supplier to automakers located in North America.
The project, which is expected to add three employees at an average hourly rate of $24.56, is expected to be completed in the third quarter of 2024.
The Shelby County Post is a digital newspaper producing news, sports, obituaries and more without a pay wall or subscription needed.
Fulton County Sheriff's Office investigating death near Germany Bridge
Fulton County Coroner's Office identifies deceased male found near Germany Bridge public access area
Young chairs hearing on future of American small businesses
Gov. Braun announces Comlux America investing $22M in Indiana operations, doubling workforce with 375 new jobs
Marshall County Sheriff seeks funding for aging jail door controllers
Plymouth School Board names Jeanne Tanner as new principal at Jefferson Elementary
Governor Braun declares new energy emergency, allows major savings at the pump for Hoosier families
Plymouth man faces felony sexual battery & drug charges following joint investigation
