Stone Panel Manufacturer Adding Over 70 Jobs

Stone Panel Manufacturer Adding Over 70 Jobs

Premium Rock, a manufacturer of engineered stone panels using a new proprietary technology, announced plans to expand its Elkhart operations, creating up to 74 new jobs by the end of 2024.

“As a state, we’re laser-focused on providing a rock-solid, business-friendly environment so innovative companies like Premium Rock are able to focus on what matters most – developing its product and growing its team,” said Indiana Secretary of Commerce Jim Schellinger. “Premium Rock’s expansion plans demonstrate the resilience of Hoosier manufacturers, and we look forward to watching the company continue to grow, supporting the Elkhart County community and adding quality career opportunities for Hoosiers.”

Elkhart-based Premium Rock produces lightweight, highly durable, fire-resistant, waterproof and UV-resistant engineered stone panels by implementing a cold-embedding process to produce seamless images. The company will invest more than $9.1 million to double its 20,000-square-foot manufacturing facility at 30244 CR 12 in Elkhart and add new machine and product lines. The company began construction in September and expects the expansion to be fully operational by May 2021.

“We’re excited to expand our operations in Indiana and believe the Elkhart community and state of Indiana both provide a great quality of place and low cost of living, which is important to us for our growing team,” said Premium Rock CEO Terry Ploetz. “Being from Elkhart, it means a lot to grow our company in the community we’ve grown up in and are excited to create jobs and expand our footprint in Elkhart.”

Premium Rock, which currently employs seven associates in Indiana, plans to hire for positions in graphic design, fabrication, warehouse logistics and a plant manager beginning March 2021.

Premium Rock manufactures products suitable for any indoor or outdoor environment and provides a custom-design solution for large-scale applications. The company’s cost-effective products can be applied in a variety of industries including RV, hotel, apartment, office building and defense applications, and comes in a variety of textures, emulating the patterns and textures of marble, granite and wood grains.

“It’s great to see Elkhart-grown companies choosing to expand locally,” said Elkhart County Commissioner Mike Yoder. “Elkhart is home to a diverse manufacturing industry, and Premium Rock’s growth is a testament to the work we’ve done to make Elkhart the best place to work, live and play, which encourages companies to keep growing here.”

The Indiana Economic Development Corporation offered Premium Rock LLC up to $750,000 in conditional tax credits based on the company’s plans to create up to 80 new jobs by the end of 2024. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. Elkhart County supports the project.

Category Business Buzz