Industrial Equipment Manufacturer Will Invest $5.1 Million in Expansion, Increase Workforce 12 Percent
BELLEVILLE – Governor Pat Quinn today announced that TerraSource Global is expanding its Belleville manufacturing facility, investing $5.1 million and increasing its workforce by 12 percent. The announcement is part of Governor Quinn’s agenda to create jobs and drive Illinois’ economy forward.
“TerraSource Global has been a good employer in the Belleville area for many years, and I’m pleased the company has continued its commitment to the community and to the state of Illinois by expanding its facility and adding jobs,” Governor Quinn said.
The manufacturing company will construct a 9,000-square-foot building near its current plant to accommodate office space, training areas and meeting rooms. Site preparation is scheduled to begin in early May with the project slated to be completed by October 2013.
TerraSource Global, formerly known as Gundlach Equipment Corp., has been in Belleville since the 1920s. The company was at risk of being moved out of state due to consolidation. At Governor Quinn’s direction, the Illinois Department of Commerce and Economic Opportunity (DCEO) worked diligently to keep the facility in Belleville, where TerraSource employs 84 workers and is creating 10 new jobs. The company makes mining parts and equipment for the coal, salt, potash and coke industries.
"TerraSource Global is thankful to the county of St. Clair, specifically the state of Illinois, for the dedication, support and commitment shown in keeping the TerraSource Global/Gundlach facility a viable growing business in the Belleville area,” Mark Kohler, president of TerraSource Global said. “TerraSource Global remains dedicated to the economic development and growth in the Belleville area, and we are proud to be a part of this outstanding community where our strong manufacturing heritage and skilled local labor force can continue to flourish.”
The Illinois Department of Commerce and Economic Opportunity (DCEO) is administering the state’s targeted investment package for TerraSource Global. The company will be eligible for tax credits, based on job creation, worth $1.1 million to be taken over 10 years. The tax credits are based on performance, meaning the company is not eligible for the credits unless it meets its commitment to create new jobs and invest in the community.
The company is also eligible for a $26,000 Employer Training Investment Program grant to help increase the skills of its workforce and a $300,000 grant under the Illinois Coal Competitiveness program.
Under Gov. Quinn’s leadership, the state of Illinois has worked diligently to identify companies with the potential to bring jobs and economic growth to Illinois. The state has added 218,500 private sector jobs since January 2010, when job growth returned to Illinois following a two-year period of declines during the recession.
TerraSource Global is proud of its rich history in Illinois and can trace their roots back to 1923 when the T.J. Gundlach Machine Company was founded and located on Centerville Avenue. In 1959, the company moved to the current location, One Freedom Drive, Belleville, Illinois, to manufacture crushers and cutters. Over the course of the next several decades, small improvements were made to the facility to construct larger bays and receiving and assembly areas. While those enhancements satisfied the immediate requirements to accommodate growth at that time, the most recent renovation plans are derived from a long-term, 10-year perspective to allow for the projected growth opportunities.
TerraSource Global manufactures material handling equipment for coal, potash, biomass, wood chips and bark, salt, plastics, aggregates, limestone and many other industries. TerraSource Global’s manufacturing capacity has increased due to the global demand for equipment required to process materials in these industries. The Belleville location manufactures Gundlach Crushers, Jeffrey Rader and Pennsylvania Crusher brands of equipment. There is an additional manufacturing location in Cuyahoga Falls, Ohio and another eight global sales offices strategically located to serve the wide array of industries the company serves.
For more information on why Illinois is the right place for business, visit http://illinoisbiz.biz.