Niotan Inc. is ready to move from research and development to full-bore manufacturing, General Manager Harvey Hornung told the Nevada Commission on Economic Development last week as it granted tax incentives.
The privately-owned Mound House company formed in 2001 now plans to increase capacity by a factor of six, says Hornung. It plans $25 million in capital investment.
The expansion translates to a $12 million economic impact, says Larie Trippet, business development manager with Northern Nevada Development Authority.
Niotan plans to add 34 jobs at an average wage of $16.62 an hour. Commissioners noted that 25 of the total 34 jobs paid operators only $12 an hour.
"There is upward mobility in pay scale," says Hornung.
The company converts Tantalum powder from tantalum rich salts and sells the resulting powder to electronic capacitor manufacturers. The finished product is used in iPods, cell phones, digital cameras, automobiles and military applications.
