AUBURN — Scot Industries, a manufacturer of steel tube and bar products, announced Thursday that it will build a new factory in Auburn, creating up to 65 new jobs by 2014.

The company will invest several million dollars to equip a new, 250,000 square-foot plant on the south side of Auburn Drive (C.R. 48), west of I-69.

The company said it plans to start construction in late summer 2011 on the 102-acre facility and begin hiring manufacturing, supervisory and clerical employees before its anticipated operational date in the third quarter of 2012.

Scot Industries initially will produce turned, ground and chrome-plated steel bars for use as hydraulic cylinder piston rods. The company’s tube and bar products are used by global customers in the hydraulic cylinder and energy industries.

The Indiana Economic Development Corp. offered Scot Industries up to $625,000 in performance-based tax credits, based on the company’s job-creation plans. The City of Auburn will consider additional property tax phase-ins at the request of the DeKalb County Economic Development Partnership.

Ken McCrory, director of the DeKalb County Economic Development Partnership, said Scot Industries started looking at property in the Elkhart region, explored the area along the Indiana Toll Road and eventually trekked down I-69 to Ashley and finally to Auburn.

Based in Lone Star, Texas, Scot Industries employs more than 500 associates throughout the country. The company was founded in 1949 in Milwaukee and operates 10 manufacturing facilities in six states and Canada.

Scot Industries’ becomes the fourth economic development announcement in DeKalb County in 2011. In January, Family Dollar announced it would build a new distribution center in Ashley, creating up to 350 new jobs. In separate announcements in late February, India-based auto parts maker Autoline said it would add 25 jobs at its plant in Butler, and Idaho-based motorcycle and snowmobile parts distributor Western Power Sports said it would open a distribution center in Ashley, creating 40 jobs.
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