MUSCATINE, IOWA (July 29, 12:15 p.m. ET) — Prototyper R3 Composites Corp. of Muscatine is expanding operations with a new plant in Grabill, Ind.
The announcement came from Fort Wayne-Allen County Economic Development Alliance officials, who said the operation will be a total investment of $4.5 million and 400 jobs.
The plant will be dedicated to making proprietary and custom compression molded products, R3 CEO Roy Carver said in a news release. The firm did not return a call seeking comment.
R3 Composites specializes in engineering custom molds and in the conversion of existing metal and plastics
The Fort Wayne-Allen County Economic Development's incentive package was valued at more than $2.8 million, including tax abatements.