Business ‘Heats’ up at Mound House manufacturer
Appeal Staff Writer
A Mound House metallurgic company has doubled its floor space and will add six employees as it breaks into the specialized aerospace industry.
Pat McKenna, general manager of Nevada Heat Treating, said the 12 Industrial Parkway company will expand from 15,000 square feet to 30,000 square feet as it takes on more precise, high-end contracts.
The company plans to invest about $112,000 into the expansion, according to the Nevada Commission on Economic Development. Majority company owner Rich Penrose, of Newark, Calif., was granted $52,000 in tax abatements by the Nevada Commission on Economic Development at its Wednesday afternoon meeting. The business incentives are granted to encourage a favorable business environment and attract new investments.
“We’re also planning to go (from) seven to 13 employees,” said McKenna. “We’re in the process of adding the new equipment and interviewing potential employees.”
Larie Trippet, Northern Nevada Development Authority business development manager, said the six new jobs will have an average wage of $16.16, which is above the Lyon County average of $15.11.
“We are happy that they chose to expand in Nevada rather than their California location,” Trippet said. “The company seems happy with the business-friendly climate of Nevada.”
The expansion was spurred by an accreditation it received in October. The company’s Newark plant does not have the accreditation to compete in the aerospace industry.
“We recently gained one of the highest accreditation in our industry in aerospace,” the general manager said. “We are anticipating that will increase our local market share as well as increase the radius of customers we service.”
About 95 percent of the company’s work is done within a 50-mile radius. Workers use special equipment to improve the properties of steel, aluminum, copper and other refractory metal products.
The company plans to serve manufacturers in Oregon, California, Utah and Arizona. It will continue to do traditional heat-treater work needed in the automotive, agriculture and semi-conductor industries.
For hiring information contact McKenna at 246-1040. Open positions include: two apprentices; two experienced journeymen heat treaters; a business development manager and an office manager.
• Contact reporter Becky Bosshart at firstname.lastname@example.org or 881-1212.
The investment in capital is $1.1 million. The economic impact of the expansion in the first year will be $963,221. The total economic impact of the company operating here, after the expansion, will be $2.3 million.
business development manager