Kokomo Tribune; Kokomo, Indiana

Local News

May 23, 2013

Company invests $1.1 million in Miami Co.

Logan Stamping expands into $400,000 facility.

Peru —  A Logansport-based company is investing $1.1 million to expand its operations into a facility north of Peru. The company said it will bring over 30 jobs to the county.

Logan Stamping Inc. announced Tuesday it recently purchased a 39,000-square-foot building at 2312 N. Mexico Road and moved 25 employees from its Logansport facility.

Company CEO Robert Baker said the business has added on a new product line making a special material for the railroad and transportation industry. It was previously housed at the Logansport facility, but he said the division grew so quickly that it needed to expand into a larger facility.

“We’re busting at the seams,” Baker said. “We’re going full throttle. We can’t move quick enough.”

He said the company’s facility in Huntington and its 12 employees also will move into the Peru building next week. That division fabricates sheet metal.

Baker said the facility previously was owned by L&M Metal Stamping, and cost just more than $400,000 to purchase.

He said there is a good chance the company will add on to the building in the near future if production demands continue to grow.

The Miami County Council Tuesday approved a $90,000 forgivable loan for the company to help with moving costs and other expenses.

The company signed a five-year agreement with the county stating it would invest at least $1.1 million into the new division and maintain at least 10 full-time and 15 part-time employees.

The county will forgive $18,000 of the loan every year the company meets the requirements in the agreement.

Logan Stamping Inc. was founded in 1965 in Logansport and currently employees around 75 workers, Baker said.

Carson Gerber can be reached at 765-854-6739, or by email at carson.gerber@kokomotribune.com.

For more on this story and other local news, subscribe to The Kokomo Tribune eEdition, or our print edition

1
Text Only | Photo Reprints
Local News
  • NWS - KT072514 Kokomo School Board - pic Blueprints found during demolition aid Central Middle School remodel

    When workers began the tear down for renovations to the Central Middle School auditorium, they stumbled upon something very important and helpful sifting through the century-old material. Tucked away inside the structure were the original blueprints,

    July 24, 2014 1 Photo

  • Bona Vista to build new $1.23 million housing development Bona Vista Programs has announced it plans to build a new $1.23 million housing development in downtown Kokomo to accommodate people with disabilities. The new 6,500-square-foot housing unit called Elmwood Trails will be located at 1101 N. Buckeye St

    July 24, 2014

  • Burlington woman charged in May fatal crash A 26-year-old Burlington woman is being accused of driving drunk causing the death of a Frankfort man in a May 2 accident near the Howard-Tipton county line. Howard County sheriff deputies served a warrant on Casie E. Johnson on Wednesday charging he

    July 24, 2014

  • Lake Co. judge strikes down Indiana right-to-work INDIANAPOLIS (AP) — A Lake County judge struck down Indiana's right-to-work ban on certain union fees in a second legal blow to the contentious law passed in 2012. Lake County Circuit Court Judge George Paras determined the law violates the state co

    July 24, 2014

  • Kokomo man charged with sexual misconduct with a minor Kokomo police arrested a 20-year-old man Tuesday afternoon on a warrant charging him with sexual misconduct with a minor involving a 14-year-old girl.Officers arrested Malachi Ely at 4:38 p.m. at his residence in the 500 block of South Goyer Road on

    July 24, 2014

  • Howard County rejected for state preschool pilot Howard County is not among the five counties selected for Indiana’s new preschool voucher pilot.Gov. Mike Pence announced Tuesday that Allen, Jackson, Lake, Marion and Vanderburgh counties will roll out the program in 2015. Eighteen counties, includi

    July 24, 2014

  • Peru dam Who should fix the dams? PERU — Who has jurisdiction over six dams located in the Hidden Hills housing addition just north of Peru, the Indiana Department of Natural Resources or the people who own the land?It’s a question with a lot riding on it — more than $1.5 million, in

    July 24, 2014 1 Photo

  • Kokomo Airport runway extension nearing completion After more than a decade of waiting, a runway extension project that will allow the Kokomo Municipal Airport to attract new business will soon be prepared for takeoff.The project, which will extend the airport’s main runway from 5,200 feet to 6,000 f

    July 24, 2014

  • NWS KT 072314 Serena Youth Center pic Serena Youth Center to offer safe haven for young women

    Young women in Kokomo in need of security and additional support will soon have a new place to call home as plans move forward to open the Serena Youth Center. On Tuesday, Coordinated Assistance Ministries Inc. closed on a property for the youth cent

    July 23, 2014 1 Photo

  • Residents organize outreach for fire victims Josh and Courtney Justice lost everything they owned Tuesday afternoon after a fire ravaged their home in Indian Heights. The community has been reaching out to help replace some of what was destroyed. Just hours after the blaze displaced the Justice

    July 23, 2014

Latest news
Featured Ads
Only on our website
AP Video
Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 U.N. School in Gaza Hit by Israeli Strike Raw: Deadly Storm Hits Virginia Campground Officials Warn of Avoidable Death in Hot Cars Death Penalty Expert: 'This is a Turning Point' House Committee at Odds Over Obama Lawsuit Raw: MH17 Victim's Bodies Arrive in Netherlands Raw: UN School Used As Shelter Hit by Tank Shell Raw: Gunmen Attack Iraqi Prison Convoy Plane Leaves Ukraine With More Crash Victims The Rock Brings Star Power to Premiere Raw: Families Travel to Taiwan Plane Crash Site Arizona Execution Takes Almost Two Hours Crash Kills Teen Pilot Seeking World Record
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries