Farm equipment company cancels $12.5 million Shelbyville factory project

krone announcement
Image from the (now removed) press announcement on Krone's site for the relocation announcement. From left to right: Tom DeBaun, Mayor of Shelbyville, Tommy Jones, Krone president and CEO, and vice-president Mike Pence (when he was Indiana's governor.)

A farm equipment company has canceled a $12.5 million project for moving its corporate headquarters from Tennessee to central Indiana.

Executives of Memphis, Tennessee-based Krone North America Inc. had announced plans for the new Shelbyville facility during a March 2016 event with then-Gov. Mike Pence. Construction never began as scheduled this past spring for the headquarters that was to include a distribution center, training facility and showroom.

Shelby County Development Corp. director Brian Asher said Krone called off the move for business reasons. Asher said Krone has seen a sales decline and was concerned about possible changes in import taxes, farm subsidies and crop insurance, according to a report in the Indianapolis Business Journal.

Krone had projected having about 100 employees at the new facility about 25 miles southeast of Indianapolis.


Please enter your comment!
Please enter your name here

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.