CNC Plans with CNC Industries Reinvesting in its Facility

CNC Industries, Inc. announced plans to expand its building and production capacity with estimated improvements at approximately $3.75 million. The precision machining company projects this investment could provide 15 to 20 new jobs by 2009.

The company was founded in 1995 and since then has been located in Fort Wayne, Indiana. CNC Industries supplies fabricated and/or assembled parts to customers in the aerospace, defense, and medical fields.

The new investment will be used to add new machinery, update information technology equipment and expand the facility. Nearly $2 million will go toward updating equipment and $1.5 million toward building improvements.

The company has also requested to the Fort Wayne Common Council that taxes in the reinvestment be spread out over time.