Fiber Bond Corporation receives tax abatement for new equipment purchase
Local manufacturer shows growth in Michigan City
Fiber Bond Corporation, in Michigan City since 1978 is investing in new equipment at its Michigan City, Indiana facility. Fiber Bond is a vertically integrated manufacturer of industrial textiles and commercial and industrial air filtration products. Fiber Bond will be adding new pieces of equipment to its production line to meet the needs of its growing customer base. “Due to the performance and quality of our air filtration product line, Fiber Bond has secured opportunities to produce panel and cube filters for two national accounts that will result in the need to expand our capacity and manpower used to produce these products,” said Dan Dobbins, Fiber Bond President. The company will be investing $289,000 for the equipment and installation which will add 10 new employees and help retain the current 130 employees.
The tax abatement, which was approved unanimously by the Michigan City Common Council at a meeting on August 21, 2018, will allow Fiber Bond to begin work on the equipment installation immediately.
“The Economic Development Corporation Michigan City (EDCMC) continues to work hard to retain and grow its existing companies by maintaining a competitive business climate. We are proud to be a partner with great companies, like Fiber Bond, that continue to call Michigan City home” said EDCMC Executive Director, Clarence Hulse.
Fiber Bond Corporation is a leader in air filtration and specialty nonwovens. Their expertise spans over 65 years and the company has the unique ability to design and manufacture custom media and products for a variety of markets including HVAC, Industrial Finishing, and Specialty Nonwovens. For more information about Fiber Bond’s product line, visit www.fiberbond.net or call 219-879-4541.