WARSAW — Banner Medical, Carol Stream, Ill., will be coming to Warsaw.

The announcement was made during Monday evening’s Warsaw Common Council meeting. Mark A. Redding, president/chief executive officer and Dan Stoettner, executive vice president/chief operating officer, made the announcement.

West Hill Development, LLC., will be constructing a 44,315 square foot industrial building for Banner Medical, at 1295 Polk Drive in the Warsaw Tech Park, at the corner of Silveus Crossing and Polk Drive. The building will be expanded in two increments, approximately 35,000 square feet each, for a total building size of 109,000 square feet on the 7.6 acres. Plans are to have the plant up and running by the first quarter of 2016. The initial cost of the new facility will be $4,360,000. An additional $4.1 million will be spent on new equipment. Approximately 76 employees are expected to be hired in the next five years.

The local plant will be a bar processing facility, which will provide high skill level employment.

Banner Service Corporation is a supplier of precision ground bar, centerless grinding, turning and straightening, a strategic business unit serving the medical device, implant and instrument industries. Their three facilities cover 170,000 square feet and contain over 8 million pounds of carbon steel, stainless steel, brass, aluminum, titanium, alloy, chrome plated and heat treated bar.

Some of its customers include Medtronic, Zimmer Biomet, DePuy Synthisis, Orthopediatrics, Greatatc and Stryker.

It was noted during the presentation the company provides full engagement in the supply chain for its customers. It seeks materials from all over the world and aggressively tracks where the material is from, who touched it, where it was made. “Traceability,” Redding stated, “a systematic approach for accountability.”

Redding stated the company is the largest player in the business, with 34 customers within 40 miles of the new Warsaw facility. “Warsaw is an integral part of our strategy,” Redding said. He added the large capabillities of sub suppliers the company can use was an attractor to the area. “We have been thinking about this and a way to do it. We looked at every vacant place in a close proximity, but it was not there.”

Redding stated the employee skill level will include some traditional CNC operators but the grinding end of the business will require a different skill set. Using the Indiana training fund, the company will train workers at its Illinois facility. “Not one employee will be transferred (from other plants),” Redding stated indicating all employees will be hired locally.

The company has locations in Carol Stream, Ill., Strongsville, Ohio and Charlotte, N.C. To learn more about the company visit www.bargrind.com.

Following the announcement the council adopted a resolution confirming the designation of Warsaw Technology Park as an economic revitalization area and approved a 10-year tax abatement for the company. Jeremy Skinner, city planner, stated the company far exceeds the requirements for tax abatement.