Dexter Axle, a supplier of axles, frames and related components in the utility trailer, recreational vehicle, heavy duty and manufactured housing markets, has announced that it will be expanding its Albion, Ind., plant.
According to a press release, Dexter Axle plans to hire 60 employees at their new location with an average wage of $18.50 per hour. The employees will be spread over a two- to three-shift operation. The operation will involve machining, welding and heat treating of components for axles. Full production is planned to begin on January, 2012.
Dexter Axle took possession of the 41,000-square-foot building located in Albion, Indiana in August. A substantial amount of capital will be spent on upgrading the building over a period of several years to grow the Dexter Axle operation. This acquisition will bring the total square footage of Dexter Axle’s Albion location to an excess of 600,000 square feet. The estimated capital expenditure for Dexter Axle’s Albion facilities is $4,000,000 for the 2012 year.
Albion was picked for this operation, over other areas due to the close proximity to the present Dexter Axle Albion operation for ease of management and lower shipping costs. Dexter has found over the years that the workforce in the Albion area is hard working, loyal, and possesses a great work ethic that helps companies in the area be successful.
Beth Shellman, Albion Town Manager commented, “Dexter Axle’s decision to expand and open a new Plant 5 is a positive event for Albion and for Noble County as a whole. Considering the current economic conditions, the creation of new jobs is big news for any region. Several years ago I was quoted as describing Dexter Axle as Albion’s “crown jewel”. They are even more so today. They have truly been an anchor in this community and we are very grateful of their decision to grow in Albion.”
Rick Sherck, executive director of the Noble County Economic Development Corporation, stated, “Dexter Axle’s decision to grow in Noble County will have a positive effect on the local economy. Their expansion in 2008 added well over a 100 jobs. If you combine the two projects this generates a payroll in excess of $6,000,000 annually.”