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.
Healthy Shelby County opens The CommunityLink, bringing Shelby County nonprofits under one roof
POET, DTE Vantage working to build carbon capture and sequestration facility in Shelby County
Governor Braun proclaims Indiana Rail Safety Week September 21-27
Central Indiana housing inventory continues to grow as home prices hold steady
State unemployment rate remains below national average
Indiana weekly gas price update
McCordsville woman sentenced as part of nationwide fraud enforcement
Decatur County among FSA offices hiring program analyst
