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City of Mason knows when they have a good thing going. They city council recently awarded a Industrial Facilities Exemption for Gestamp Mason, a company that has been a key part of the local economy since 1995. The occasion is Gestamp’s more than $38 million expansion, which will result in the addition of 110 new jobs.
“They’ve added a tremendous component to our workforce,” says Mason City Administrator Martin Colburn. “They have a diverse range of type of positions.”
The 110 new jobs will be in addition to the 330 currently employed by the manufacturing facility, which makes an innovative kind of steel beam for vehicles that is harder and lighter than traditional steel.
“The car industry loves that because they can build vehicles that are lighter and get better gas millage,” says Colburn. “They have a very much desired product.”
The means good news for everyone in Mason. According to Colburn, Gestamp’s expected jump in sales from $50 million annually in 2010 to over $115 million by the end of 2013 will have a positive impact on the entire community.
“It creates a tax base,” he says, “not only the from the industrial site, but also the housing marketing and helps us to continue to have a more stable market.”
Gestamp’s two-part expansion project began in May of 2011 and is expected to be completed in the near future.
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