February 19, 2013
Tank components manufacturer to expand into Partnership Industrial Center West, adding 27 jobs
Tank Components Industries, a local manufacturer of tank and vessel components used in the pharmaceutical, chemical, biotech, and food and beverage industries, has announced its plans to expand into an 81,000 sq. ft. facility in Springfield’s Partnership Industrial Center West. After relocating to the new facility, the company plans to add 27 new jobs over the next five years to its current workforce of 55 people.
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Established in 2000 with six employees, Tank Components Industries (TCI) has grown its product portfolio from tank heads to a wide range of ASME and non-ASME stainless tank components. With the growth of its business and workforce, TCI had outgrown its current manufacturing facility and was looking at opportunities to expand or relocate facilities. Staff from Springfield’s Partnership for Economic Development, which includes the Chamber/SBDC, City of Springfield, Greene County, and City Utilities, provided assistance to ensure the company expanded its operations in the Springfield region. Missouri’s Department of Economic Development also provided assistance on this expansion.
Partnership staff helped the company navigate the expansion process, including utilizing local and state incentives such as the Enhanced Enterprise Zone and Grow Missouri Loan programs. After searching for suitable facilities to accommodate TCI’s future growth, staff assisted the company in acquiring an available 75,000 sq. ft. shell building and adjacent land in Partnership Industrial Center (PIC) West. PIC West, Springfield’s second master-planned industrial park, was established by the public-private partnership in 2001 following the successful build-out of the original Partnership Industrial Center.
Located within Springfield’s Enhanced Enterprise Zone, PIC West provided the company with a development-ready site with utilities, roads, and permits in place, as well as a shell building customizable to its needs. By acquiring the shell building and additional land, TCI will be able to build a state of the art manufacturing facility with an additional 6,000 sq. ft. of office space, and have the option to expand up to 160,000 sq. ft. in the future. The project will also create an additional 27 manufacturing and support jobs with competitive wages over the next five years.
Through its assistance to TCI, the Chamber/SBDC and its economic development partners have secured the company’s commitment to the Springfield region. TCI’s new facility will allow the company to expand its production capacity, better serve its existing customer base, and secure new customers, ultimately benefiting the entire community through continuing investment and payroll.