Maryland-based Nadicom is making plans to employ 175 people at a new iron castings foundry in Iowa City. Creating with it 175 local jobs, and significant economic growth for the area.
"We think that we have a very clean environmental use that will create some very good jobs for our area and good tax base, said Tom Markus, Iowa City city manager.
The foundry will produce large castings between 15 and 20 tons all under one roof, addressing the supply chain needs of many wind energy companies in Iowa and throughout the Midwest.
That means companies like Clipper Windpower in Cedar Rapids and Acciona in West Branch won't have to look overseas for components needed to build the turbines.
"There are very few foundries who make these components in the United States today, and also price competent to China," said Nadicom CEO Prasad Karunakaran.
The Iowa City area is a good fit for Nadicom in part because of the infrastructure already in place. The city says it has plans in the works to create a first of its kind wind energy supply chain campus in the area the new foundry will be built.
"I think with the potential growth of wind energy here and in the Great Lakes area, they're in a great proximity for future development," Markus said.
The company hopes to begin operations by 2013. The $85 million project is subject to state and city review.
Monday, September 1 2014 5:41 PM EDT2014-09-01 21:41:17 GMT
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