150 jobs coming to Beatrice

Neapco Components expects to add 150 jobs in Beatrice to its expanded Nebraska plant.

The company celebrated the expansion Friday morning during a special ceremony that included Governor Dave Heineman and other state officials.

A news release from the Nebraska Department of Economic Development says the Beatrice payroll is expected to hit 275 people by the end of 2011. The company is owned by Pottstown, Pa.-based Neapco Holdings, LLC. It has more than 2,200 employees worldwide. A year ago Neapco announced that it would consolidate its manufacturing of drive shafts and drive-shaft components to Beatrice, ending production in Pottstown.

The company used $1 million in federal recovery funds to move equipment from Pottstown and expand the Beatrice plant. In June, the Nebraska department said Neapco planned to add $2.5 million of its own money to the project. The company got $380,000 in Nebraska job training funds.