KTR Corp. is adding two new machines for production, increasing their production efficiency, allowing for an increased competitiveness and lower the cost of operations for their Michigan City operation.
KTR Corp. was founded in Michigan City, Indiana in 1988 and is an ISO 9001:2008 Certified, SAP driven organization. Their 42,000 square foot manufacturing, warehousing, and sales office facility employs a team of over sixty power transmission specialists.
KTR’s strategic location and product mix enables them to effectively supply and service the North and Central American marketplace. KTR’s couplings and other components are used worldwide.
This project includes the installation of one new specialized production machine and the replacement of another obsolete production machine.
This project will allow the company to process in-house machining work that is presently outsourced. It will also enable the company to machine components that the company will introduce to the North American hydraulic market. The customer base is the United States, Canada, and Mexico.
KTR Corporation will be investing over $250,000, as well as creating 2 new jobs to its workforce of 62 employees at its location on 122 Anchor Rd., Michigan City, Indiana.
The tax abatement was approved by the Michigan City Council and will save the company about $20,000.