Vela Gear Systems Plans Power Transmission Component Manufacturing Plant in Indiana

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Vela Gear Systems LLC (VGS) (Carmel, Indiana) is planning to build a $25 million mechanical power transmission components manufacturing plant in Marion, Indiana. This will be the company's first production facility in Marion.

Plans involve constructing a 250,000-square-foot building, including the installation of production and supporting equipment, adjacent to the existing Ivy Tech Community College. The company manufactures components for planetary gears and gearboxes. Construction is scheduled to begin mid-2011, with overall completion set for mid-2012. The new plant will be among the few U.S. manufacturers of large-scale gears for wind turbine assemblies. Approximately 163 jobs will be created by 2013. Vela Gear Systems is a new manufacturing company equipped to supply gear components for large windfarms.

View Plant Profile - 3018326
View Project Report - 300024408

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.