Ryobi Die Casting (USA) Inc. was granted a 10-year tax abatement Monday by the Shelbyville Common Council on a $23 million investment in new manufacturing equipment.
Ryobi is installing two new die cast machines, a melt furnace, new machining centers and assembly machines. Each machine will require its own production line.
The total investment for the Shelbyville company that produces state-of-the-art cast aluminum parts for the automotive industry is $23,765,914.
The installation project on site at 800 W. Mausoleum Road is expected to be completed in the first quarter of 2026 and add an additional 26 employees with an average hourly pay rate of $24.68 to Ryobi’s roster.
The addition of new production lines continues Ryobi’s growing trend. In 2022, the company had 688 employees. In January of 2025, that number was 940 employees.
In the tax abatement contract with the City of Shelbyville, Ryobi will repay the city the pro-rate amount of taxes paid over the life of the tax abatement should the company cease operations in Shelbyville or transfers abated personal property to another operation without replacement or like-kind investment in the Shelbyville facility.
The Shelby County Post is a digital newspaper producing news, sports, obituaries and more without a pay wall or subscription needed.
County offices closed Wednesday, January 15th
Plymouth Lodge receives $30,000 grant for historic building restoration
61-year-old Yoder man arrested for meth
Rebollo-Diaz arrested for OWI, over 3 times the legal limit
Plymouth driver arrested for traveling at 115 MPH on U.S. 31
Marshall County issues Travel Advisory due to lake effect snow
Plymouth Police make two arrests
Indiana Department of Education & Notre Dame awarded nearly $10 M in federal grant to strengthen literacy
