Nex-Tech Processing in southwest Wichita is growing and plans to invest $1.26 million in additional machinery and equipment.
The company, a metal-processing facility for components and assemblies for the aerospace industry, employs 121 people in Wichita. It plans to hire 43 people over the next two years, including 10 to 15 painters, inspectors and line operators now, said Nex-Tech Processing general manager Terry Karst.
The business was at capacity and needed to expand.
"Our customers are demanding... faster turnaround time and on-time delivery as the industry recovers," Karst said. "We want to make sure we satisfy our customers' needs."
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Nex-Tech Processing worked with the Greater Wichita Economic Development Coalition to secure city, county and state incentives, which include forgivable loans, work force training and tax credits.
The company is owned by Dallas investment firm Highland Capital, which bought the company from Thayer Aerospace in 2007.
"The owners... are willing to invest in the facility and grow the business in Wichita instead of expanding or growing someplace else," Karst said.
Nex-Tech Processing works with machine parts, inspecting, painting and finishing them, Karst said.
"In this economic environment, keeping companies and their investment and jobs here is important news," Mayor Carl Brewer said in a statement. "Helping them expand and add additional jobs is even better news."
For the company, "we're excited that the city of Wichita values our presence in town and working with us to complete this expansion here in Wichita," Karst said.
The company is looking forward to growing even more in the future, he said.
Nex-Tech Processing's sister company, Nex-Tech Aerospace, expanded its operations in Wichita last year.
Nex-Tech Aerospace, at 4201 S. 119th St. West, said it would add a minimum of 85 jobs over three years.