Miracle Tools – Business Expansion

Doing-it-in-Davenport_Black

7739 Northwest Boulevard

Total Investment: $1.5 million
Public Investment: TBD (still being negotiated)
Projected jobs created: 15-20 within 5 years
Completion Date: Late spring 2014

Miracle Tools building on Northwest Boulevard

Miracle Tools, maker of industrial drill bits used in the aerospace, automobile, implement and other industries, is another quiet advanced manufacturing All-Star headquartered in Davenport. The company – which is  jointly owned by MA Ford of Davenport and Japanese industrial giant Mitsubishi Materials Corp. – is planning an expansion that will nearly double its factory floor.

A combination of increased demand as the world economy continues to recover as well as the desire by many U.S.-based manufacturers to use “Made in the U.S.A.” products, is driving the need to expand, said Ryan DeBarr, plant and engineering manager.

Ground was broken Monday on the 15,000 square foot expansion to the north of the existing building. This will bring the total factory square footage to 42,000 sf.

Work has begun on Miracle Tool's expansion in Davenport

DeBarr said the company will need to hire additional CNC operators and grinders when work is finished in late spring of 2014. The company currently employs 71. Nearly the entire new space will be devoted to additional work areas on the factory floor. Miracle Tools does not sell its specialty industrial tools. Rather, it sells directly to MA Ford and Mitsubishi, which handles transportation, logistics and outside sales.

Factory floor of miracle tools

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