- Associated Press - Tuesday, June 2, 2015

NEW ALBANY, Ind. (AP) - A southern Indiana injection molding and tool manufacturer has announced plans to create up to 160 new jobs by 2019.

The Indiana Economic Development Corp. said Monday that Beach Mold & Tool Inc. will invest $23 million to expand its operations in New Albany. A new 140,000-square-foot warehouse expected to be complete by July 2016 will allow the company to convert existing space to manufacturing.

The IEDC offered Beach Mold & Tool up to $1.25 million in conditional tax credits based on the company’s job-creation plans. It says the city of New Albany will consider additional incentives at the request of local economic development officials.

The company currently employs 665 people in New Albany.

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