Muncie, Indiana — Taurus Tool celebrates its 50th anniversary by relocating and expanding operations southwest of Muncie.
Jim McDonald, the company’s president and co-owner, said in a news release that the company, which undertakes machining operations such as computer numerically controlled turning, milling and manufacturing, will create a 5-foot-by-8-foot statue of a bull. He said it was installed nearby. Enter the new location at 4401 S. Delaware Drive.
Taurus Tool designs and manufactures specialized machines, gauges, tools, and maintains and repairs parts.
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“They are growth-oriented employers that offer great employment opportunities,” Delaware County Commissioner James King said in a prepared statement.
McDonald’s said the move to the new 66,000-square-foot building will provide job security for its 30 employees. The company also plans to add more employees by expanding its service line with waterjet capabilities as part of its metal cutting services for industries ranging from food packaging to aerospace.
“This is a new product and a new opportunity for us,” McDonald said of the waterjet equipment. “The waterjet machine is very cost effective. It can cut shapes out of (metal) plates up to 8 inches thick.”
The new building added 42,000 square feet to the local tool maker. The company relocated in his April from a previous facility at Delaware County Road 400 South near Indiana 67. The facility is now used by Filtrec, a manufacturer of industrial filters.
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Taurus Tool celebrated its 50th anniversary in June.
McDonald began working at Taurus in 2004 and was a manager before he and his wife agreed to buy the business in 2010.
According to McDonald, the diversity of the product line has helped keep Taurus Tool healthy.
The company was awarded BorgWarner Automotive’s 2017 Prototype Supplier of the Year Award, and products for food packaging equipment make up approximately 30% of Taurus’ business.
Taurus Tool also has an aerospace contract that includes making brackets to hang jet engines on the fuselage.
About 40% of Taurus’ business is in the automotive industry, with customers such as BorgWarner, Chrysler and Magna.
“We have a corporate philosophy that no one should be more than 15% of our business,” McDonald said. “This allows us to ride the changes in the market.”
With a larger facility and new waterjet machines, McDonald’s said it hopes to employ about five more people in the near future. He said the county commissioner and its director of economic affairs, Brad Bookout, would “absolutely” play a role in selling the former building to Filtrek, freeing Taurus Tools to move into a new, larger space. I admit that I did.
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There was no direct financial incentive offered by the county to Taurus.
Maintaining a good job at a good company, McDonald said, “is my way of giving back to keep employees and grow the company.”
“Delaware County is very pleased to play a role in making this move possible for Taurus Tool & Engineering,” Bookout said in a news release. Filtrec’s new and improved home. ”