For immediate release Contact: Mark Wickersham
February 15, 2013 260-356-5688
UT Electronic Controls Division to invest $1.8 million in Huntington facility
United Technologies (UT) Electronic Controls Division has announced plans to invest $1.8 million at its Huntington facility. The plant, located in Huntington's Riverfork Industrial Park, is among the world leaders in the engineering, design and production of electronic control boards for the heating, ventilation and air conditioning industry.
The City of Huntington approved UT's request for tax abatement associated with the investment.
"Anytime our community receives a request for tax abatement, we celebrate because it is yet another employer willing to invest in Huntington," said Mark Wickersham, executive director, Huntington County Economic Development. “UT Electronic Controls Division is the largest employer in the manufacturing sector in Huntington County. We’re very proud of their commitment to Huntington and glad to help them continue to be successful.”
"We [UT] are the largest manufacturer of electronics of our scale left in the United States," said Alex Housten, managing director, UT Electronic Controls Division. "We are committed to this community and appreciate the support of City Council.”
The investment allows the retention of their workforce of 682 employees. It also improves production capacity and quality while reducing overall costs, said UT.
The City Council voted unanimously to offer a 10-year tax abatement to the company for this investment. The abatement allows the gradual phase-in of the tax liability over a period of years as opposed to requiring a full liability immediately. Tax abatement has served as an economic development tool in Indiana for decades.
The parent company of UT Electronic Controls Division is United Technologies, a diversified company providing a broad range of high-technology products and services to the global aerospace and commercial building industries. The UT family of companies includes Carrier Corporation (heating and cooling systems), Otis (elevators), Sikorsky (helicopters), Hamilton Sundstrand (electrical generation systems), Pratt & Whitney (aerospace) and UTC Fire & Security.
For more information about UT Electronic Controls Division, visit utc.com.