Will invest nearly $500,000 and create two new positions
Fort Wayne, Ind. (June 22, 2010) - Lincoln Printing, a Consolidated Graphics (CGX) company, has announced that it will invest in new equipment for its 3310 Congressional Parkway location. The printing company will invest approximately $487,702 and bring on two additional employees as a result of the project. The equipment is expected to be installed July 2010.
Lincoln Printing, which specializes in lithographic and digital commercial printing, will add a Heidelberg SpeedMaster 74 with pefector to its litho division, and an Ikon Image Runner 110 digital press to its digital division. The company currently has 37 full-time employees and will add both a press operator and a digital press operator once the new equipment has been installed.
"Adding the new equipment will enable us to expand and refine our current capabilities," stated Billy Bradberry, president of Lincoln Printing. "With this investment, we can better serve our current clients, as well as position ourselves to be able to provide additional services to a broader customer base."
Lincoln Printing has requested that taxes on the project be phased in over time. The company could realize $29,209 in personal property tax savings over a ten year period if the request is approved by the City of Fort Wayne. Lincoln Printing's tax abatement request will be introduced at tonight's Fort Wayne Common Council meeting in the City County Building.
About Lincoln Printing
Lincoln Printing is one of the Midwest's premier printing companies. Based in Fort Wayne, Indiana, Lincoln Printing serves customers in Indiana, Ohio, Michigan and more. The company began in 1959 with the merger of Lincoln Press and Roberts Associates. In 1998 Lincoln Printing became wholly owned subsidiary of Consolidated Graphics (CGX), which owns a wide variety of offset-, web- and digital-printing firms. For additional information on Lincoln Printing, visit
www.printlinc.net.