250 New Jobs Created at MDI
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Minnesota Diversified Industries (MDI)
825 Lily Ln.
Grand Rapids, MN, 55744
Press release date: August 24, 2012
Great things are happening at Minnesota Diversified Industries (MDI) including growing jobs, creating positive financial stability, and diversification. All in support of the organization's mission of serving people with disabilities by providing employment opportunities and progressive development in competitive business enterprises.
Despite a tough economy, MDI has created 250 new jobs since December 1, 2011 in support of several new contracts for key customers. These jobs are a combination of direct and temporary across MDI's facilities in Grand Rapids, Hibbing and St. Paul, Minnesota and include opportunities for people with and without disabilities. "At MDI, we focus on a person's abilities. We match job opportunities with the person best suited to perform the job requirements. We also provide training and support as needed to make sure that each person can be successful in their role at MDI" (Rachel Wobschall, MDI Board Chair).
These new employees have been hired primarily for production type roles, operating MDI's manufacturing equipment such as plastic extruders, rotary and flatbed die cutters, screen print presses, sonic welders, shrink wrap lines, and product testing equipment. The positions added range from entry-level production, to line leads, process technicians, supervisors, maintenance technicians, forklift drivers, and shipping/receiving clerks.
MDI has significantly strengthened its' financial position in order to continue growing jobs and to offer increasing opportunities for people with disabilities. This has been accomplished through reducing long-term debt by $6 million since 2008, controlling costs, and both increasing and diversifying revenues. This has contributed to a positive bottom line at MDI for the last three years. To further enhance the financial health of MDI, the organization continues to diversify its' customer, product and service portfolio. Additionally, on July 20, 2012 the organization utilized internally generated cash to further reduce long-term debt and refinanced the remaining debt with significantly lower interest rates, more favorable terms, and a working capital line of credit with its' banking partner Minnesota Bank & Trust. This positions MDI very well to invest in current operations, while also leaving room for future expansion and investment in new business opportunities that support MDI's mission of serving people with disabilities.
MDI operates a non-profit manufacturing enterprise, providing a variety of corrugated plastic products and kitting, packaging, and assembly services for business customers across the USA. The sale of these products and services to business customers creates job opportunities at MDI. MDI offers customers high quality, on-time, market-competitive solutions and provides professional and friendly support for their business needs. MDI has significantly diversified its' customer base over the past few years resulting in increased revenues and jobs. Customers appreciate the strong business solutions they get from MDI, while also having the opportunity to contribute to the greater social good and to positively impact people with disabilities.
"Board and management are excited about the recent business and job growth at MDI. Employees at MDI have benefits and no one at MDI earns less than minimum wage. MDI is a model affirmative business enterprise and living proof that individuals with disabilities are and can be productive members of the community" (Peter McDermott, MDI President and CEO).
Established in 1964, MDI operates an affirmative business enterprise, providing job opportunities and progressive development for people with and without disabilities who work side-by-side to provide products and services to business customers.
Contact: Barbara Majerus, MDI Vice President Sales & Business Development: 218-313-1711