Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Kokomo stays in loop with EnerDel: City in regular contact with state

Sat. November 15, 2008; Posted: 03:33 PM
Stocks RSS
Nov 15, 2008 (Kokomo Tribune - McClatchy-Tribune Information Services via COMTEX) -- DPH | Quote | Chart | News | PowerRating -- One of the next big job opportunities in Indiana will be when battery manufacturer EnerDel opens a third plant.

Earlier this year, EnerDel announced it would locate its headquarters in Noblesville and was looking for a central Indiana location for a manufacturing plant that would employ as many as 500 people.

When EnerDel was formed in 2004, Delphi Corp. owned 19.5 percent of the company. That interest has since been sold, but a relationship still exists.

Kokomo has the space available for a new manufacturing operation within the Delphi complex.

The Indiana Economic Development Corp. is working with EnerDel on a future Indiana site and will be the conduit for the first step, a request for information.

"We've made ourselves known," Debbie Cook, Kokomo's director of development, said of the EnerDel factory. "We're ready to respond."

Cook said the request for information normally includes proximity to a railroad line, airport and facility needs.

She said the second request is normally for more specific information.

"We're in regular contact with the state," Cook said. "We're on top of it. Right now, [EnerDel] may be in a holding pattern."

Mitch Frazier, spokesman for the Indiana Economic Development Corp., said Friday EnerDel's current focus is on getting production started at the Noblesville and Indianapolis plants.

"They have not started the site selection process for the third plant," he said. "That probably won't begin until the other plants are in production."

Frazier said it will be months and not weeks before the site selection process starts.

Earlier this year Frazier said the state is working with EnerDel and assisting the company on a possible location for the manufacturing site. He said the state doesn't steer a company to any location.

The state has offered EnerDel up to $7.125 million in performance-based tax credits and $58,000 in training grants for the creation of up to 850 jobs total in the state.

EnerDel will be making lithium-ion batteries for use in hybrid, plug-in electric and electric vehicles. EnerDel recently secured a $70 million contract to supply batteries to a Norwegian company making the Think electric vehicle for sale in Europe.

Ken de la Bastide can be reached at (765) 454-8580 or via e-mail at ken.delabastide@kokomotribune.com

To see more of the Kokomo Tribune or to subscribe to the newspaper, go to http://www.kokomotribune.com/. Copyright (c) 2008, Kokomo Tribune, Ind. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details for DPH click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.