The plan calls for an investment of $5.5 million to $6 million for the expansion, including equipment. But Fab Metals also plans to spend an additional $2 million investment on more equipment as early as next year.
The project could break ground within about a week and could be completed by March or April, Hensley said. The business makes metal components for customers in various industries, including trucking, automotive, the military, defense and aerospace.
RELATED: Downtown Springfield market seeks historic status
The company’s website lists some of its customers, including General Motors, Navistar Defense, Honda of America, General Dynamics, Cascade Corporation and the Champion Company.
Fab Metals has also purchased new equipment, including lasers and new press brakes in recent months as part of the expansion.
MORE BUSINESS NEWS: Honda invests $220M in new Accord to make big improvements
“With the amount of work we have today, we’ve outgrown our existing building, so we were forced to expand our facility,” Hensley said. “We bought the 20 acres next door to us and we’re going to erect a new 40,000-square-foot building that’s even bigger than the one we’re in today.”
READ MORE: Dole contests OSHA violations, $82K in penalties at Springfield plant
The manufacturer’s existing building was constructed in 1997, and the company added about 10,000 square feet to that site in 2000. That site is currently about 30,000 square feet.
DETAILS: Dental office rehabbing historic Urbana office space
Some of the new jobs will include press brake and laser operators, welders and some assembly workers.
“We’ve got some great employees.” Hensley said of the company’s success over the past three decades. “We started off with some good people. Quality is what they think about and if you build a good product you can find work. We’ve got employees who can do that, so that’s our asset.”
Hensley said he hopes the current expansion provides enough space for the foreseeable future, noting the significant investment the family-owned company is making.
“We hope our building size is going to give us enough floor space for a few years,” he said.
The Springfield News-Sun provides unmatched coverage of jobs and the economy in Clark and Champaign counties, including recent stories tracking local unemployment rates and Navistar’s first year of annual profits.
By the numbers
40,000: Square-footage of new Fab Metals facility
$5.5 million to $6 million: Cost of the Fab Metals expansion, including equipment
$2 million: Additional investment in more equipment as early as next year
20: Approximate number of new full-time workers to be hired as part of Fab Metals expansion