Tuesday, December 15 2015
Rockford, IL -- As part of the EDGE tax credit approval process reinstated by Governor Rauner, the Illinois Department of Commerce announced Taurus Die Casting LLC, an Italian manufacturer, will open its first U.S. based operation in Rockford, IL. Taurus Die Casting will create 37 full-time jobs through its $6.4 million investment in a 44,000 sf production facility, adding to current operations in Italy and Tunisia which employ 268 people. Taurus Die Casting is the manufacturer of high precision zinc die casted parts.
Taurus 80Taurus Die Casting is one of three companies to receive the EDGE tax credit for committing to create a total of 87 net new jobs and $27 million in capital investments in Illinois. All three companies considered moving operations to another state but chose to stay and grow in Illinois as a result of the state’s high quality workforce and competitive incentive packages.
Other companies that remained in Illinois include Fabrik Industries, Inc. and Bell Flavors & Fragrances, Inc.
Fabrik Industries, Inc. molds components for automotive, industrial, medical and consumer goods. Fabrik Industries will create 25 new full-time jobs and make capital investments of $5 million, including expansion to a new facility and the purchase of equipment. Fabrik currently employs 264 individuals in full-time jobs and is based in McHenry, Illinois.
Bell Flavors & Fragrances, Inc. creates flavors and fragrances for food, beverage, cosmetics, household products and personal care items. Bell Flavors & Fragrances currently employs 179 individuals at the company’s manufacturing facilities and Research and Development offices in Northbrook, Illinois. Bell Flavors & Fragrances will expand their existing Northbrook facilities with a $10 million capital investment, resulting in the creation of 25 new full-time jobs.
For additional information contact Lyndsey Walters at Lyndsey.Walters@Illinois.gov.