Columbus, IN: Master Power Transmission (Master PT), a manufacturer of industrial gearboxes, announced plans today to expand its operations here, creating up to 48 new jobs by 2016.  The company currently employs 56 Hoosiers.

The Greenville, S.C.-based company, which produces industrial gearboxes that are used in various warehousing and manufacturing operations, will invest $3.6 million to renovate and equip an additional 30,000 square feet of production area in its current 220,000 square-foot facility in Columbus. As part of a series of initiatives, Master PT has purchased new manufacturing equipment to support additional product expansion.