Weldcraft, a division of Illinois Tool Works (ITW), Inc. will receive $350,000 in grants and loans from the Wisconsin Department of Commerce to help them in updating and expanding their production complex and current operations in Appleton, creating 50 jobs. The company is transferring its TIG (Tungsten Inert Gas) torch manufacturing operation from California.
The Wisconsin Department of Commerce is providing a $250,000 low-interest loan and a $100,000 grant to assist this project. The $2.2 million expansion includes moving into a new facility and training workers on the new product line being transferred from the west coast.
"Weldcraft is pleased to bring new jobs to the area," Lee Van Boxtel, General Manager with Weldcraft said. "These jobs could have gone to other locations outside of Wisconsin but we felt that the people in Appleton and the surrounding communities offered advantages to our business not found anywhere else. We discussed our position with the State of Wisconsin and their support of our efforts made this project a win-win situation."
The company also considered expanding in Ohio, but determined that the Wisconsin facility had the most potential for improving efficiency and increasing production quickly.
Illinois Tool Works Inc. designs and produces an array of highly engineered fasteners and components, equipment and consumable systems, and specialty products and equipment for customers around the world.
