Kokomo Tribune; Kokomo, Indiana

Local News

July 7, 2011

After big business deals, Abound Solar progresses toward move

Tipton — A second production line is almost installed in Colorado and a third will go in before a solar manufacturer moves into Tipton County, company and county officials said last week.

It has been just more than a year since President Barack Obama announced Abound Solar Inc. was using a $400 million federal loan guarantee to expand into Tipton County and create more than 800 jobs in the area.

Abound, which produces thin-film photovoltaic modules, in December closed on its government-backed loan from the U.S. Department of Energy.

The company has used the money, combined with private investments, to install a second line at its existing factory in Longmont, Colo. A third will go in in Longmont, then attention will turn to Tipton County.

Russell Kanjorski, vice president of marketing for Abound, said the company remains on track with its original plans to begin installing production equipment in late 2012 or early 2013.

“That doesn’t mean things aren’t happening in Tipton,” Kanjorski said.

Abound took control of the building when it received its loan in December and signed a long-term lease with a real estate developer in Colorado.

Contractors have visited the facility to assess what repairs and construction remains.

The plant sprawls over roughly 800,000 square feet at the northeast corner of U.S. 31 and Ind. 28. No one has occupied it since 2008, when previous owners Chrysler Corp. and Getrag Transmission backed out of the construction of an almost finished transmission factory.

Tipton County Commissioner Jane Harper said a lack of climate control in the incomplete plant caused patches of mold on walls, and a storm earlier this year caused minor damage. Crews have made those repairs and also cleared remaining clutter that Chrysler and Getrag left when they abandoned the building.

Abound could begin looking as early as late 2011 or early 2012 to hire managers to oversee the Tipton start-up, Kanjorski said. Most positions will open when the factory starts operating in 2013. Production will ramp up, so Abound will gradually create its projected 800 to 1,000 jobs, he said.

Text Only | Photo Reprints
Local News
  • Bldg Wall Collapse 01 KipCor purchases partially collapsed downtown building A building that has long been a part of downtown Kokomo’s landscape will remain intact, but undergo extensive demolition, after being purchased by a company that has been active in the city’s redevelopment efforts. The Barko building, also known as t

    July 29, 2014 1 Photo

  • mopeds Mo-ped law means some scooters now require license With more and more mo-peds hitting the streets, police are having a hard time enforcing new restrictions encompassed in the new scooter law. Mo-ped drivers can still cruise the streets and roads on their two-wheel machines, but the new state law, whi

    July 29, 2014 2 Photos

  • Supreme Court observers predict ‘wide open’ process of picking of next chief INDIANAPOLIS — State Supreme Court Chief Justice Brent Dickson surprised observers in June when he decided to step down after a brief tenure in the leadership post. Another surprise may be in store when his replacement is named. A seven-member panel

    July 29, 2014

  • Council committee to present dog ordinance draft Aug. 11 Kokomo Common Council committee members will provide a draft of proposed changes to its dog ordinance at its Aug. 11 meeting. The release date for the draft was pushed back following a committee meeting where 25 members of the public aired their conc

    July 29, 2014

  • Indiana BMV asks court to delay vanity plate sales INDIANAPOLIS (AP) — The Indiana Bureau of Motor Vehicles has asked the state Supreme Court for permission to continue its suspension on sales of vanity plates until a court case is settled. The Indiana attorney general's office announced Monday it ha

    July 29, 2014

  • Higher ed chief rolls out class load campaign INDIANAPOLIS (AP) — Indiana's higher education commissioner wants college students to get the message that they should take at least 15 credit hours each semester if they expect to graduate on time. Commissioner Teresa Lubbers on Monday kicked off a

    July 29, 2014

  • Commission postpones rezoning vote for Functional Devices land TIPTON — Residents of Prairie Acres subdivision will have to wait at least two more weeks to learn the fate of a pair of zoning requests from Functional Devices. At Monday’s regularly-scheduled bi-weekly county commissioners meeting, city-county plan

    July 29, 2014

  • Illinois man leads police on high-speed chase PERU — An Illinois man driving at speeds of 120 mph led officers from three counties on a high-speed chase Sunday before crashing into a utility pole. Peru police say Isaac K. Hoefling, 31, Lamont, Illinois, was first pulled over by Howard County dep

    July 28, 2014

  • Permanent road closure has Miami Co. residents worried PERU — Residents who live near a safety-flare company that’s expanding north of Peru spoke out against a proposal to permanently close a section of county road that runs through the company’s facilities. Orion Safety Products, located at 3157 N. 500

    July 28, 2014

  • Gary Rhum bringing music lessons to Catholic school Rhum Academy of Music's owner is set to give all students at Sts. Joan of Arc & Patrick School music lessons next year as part of the school's curriculum. When Gary Rhum talks about why he loves to teach kids music, the long-time performer and instru

    July 28, 2014

Latest news
Featured Ads
Only on our website
AP Video
US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming Traditional African Dishes Teach Healthy Eating
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