Marion, IN, to be New Home for Energy Component Manufacturer

December 7, 2010 — Marion, IN

Vela Gear Systems LLC, a startup manufacturer of mechanical power transmission components used in several markets including wind energy, announced today that it will establish its first manufacturing operations here, creating up to 163 new jobs by 2013. The company, which manufactures components for planetary gears and gearboxes, will make a multi-million dollar investment to construct a 250,000 square-foot manufacturing facility adjacent to Ivy Tech Community College in Marion…

Read the rest of the article on the Inside Indiana Business site.