$16 Million Expansion At RMT Is Their Eighth Expansion
Date posted - May 29, 2016
Sheldon, Iowa — We recently told you that a Sheldon company plans to expand with a 46-thousand square feet addition to its Sheldon headquarters.
We now have further details on that expansion. Rosenboom Machine and Tool vice president, Brian Rosenboom, says they’ll add 54 new jobs.
The company makes a high-pressure gas spring and gas pump that goes with the suspension of the vehicle. He says the contract will give them work for some time.
RMT’s products have been used in several industries including: agriculture, construction, material handling, refuse and waste handling, utilities, commercial, transportation and mining. Rosenboom says the jobs are the STEM type of jobs that have been talked about a lot recently.
The jobs will pay just under 41-thousand dollars a year. Rosenboom says they want to begin the expansion within the next month or two and will add the 54 jobs over three years. It’s another step forward for the family-owned operation that now has around 260 employees.
Rosenboom credits a good Iowa work ethic from the company’s employees for their continued success that has led to the latest expansion.
The company is investing 16 million dollars into the expansion. The city of Sheldon awarded the company a five-year tax rebate, and the state also approved tax benefits.