The company will invest more than $2.6 million in machinery, equipment and building upgrades to expand its facility located at 1700 South Indiana Avenue, according to the Indiana Economic Development Corporation.
Specialized Component Parts specializes in heating element parts for residential and commercial furnaces and makes a variety of pilot lights, relays, electrodes and hot surface igniters. It sells igniters under the True Start brand.
The expansion project will bring back work currently being done overseas, more than doubling its 20-person workforce. The company has already begun hiring engineers and material scientists.
The Indiana Economic Development Corporation offered Specialized Component Parts up to $250,000 in performance-based tax credits and up to $15,500 in training grants based on the company’s job creation plans.
Specialized Component Parts was founded in 1988. For more information about the company visit http://www.scplimited.com/