FORT WAYNE, Ind. (WANE) Fort Wayne Metals announced plans Wednesday to expand its operations here, creating up to 106 new jobs by 2017.
The Fort Wayne-headquartered company, which researches, develops, and produces fine grade medical wire, will invest $29.4 million to construct, renovate and equip a 33,000 square-foot facility on its 50-acre Ardmore Avenue campus. With seven production facilities, a warehouse, a research and development center, and a metallurgical laboratory, the expansion will allow Fort Wayne Metals to increase capacity for the production of stainless steel, nickel, cobalt, nitinol, and titanium wire, as well as many composite materials in various forms.
“After doing business around the world, Indiana companies like Fort Wayne Metals understand firsthand the benefits offered by our Hoosier business climate,” said Governor Mike Pence. “With a driving force rooted in the nation’s best workforce, the motor of Indiana’s economy keeps growing stronger, fueled by low taxes and an environment designed for success in a state that works.”
Fort Wayne Metals, which currently employs more than 650 associates in Indiana and more than 700 around the world, plans to begin hiring for production, administrative and research and development positions this fall. Interested applicants can apply online at www.fwmetals.com/careers.
“As we continue to see growing demand for our products, both domestically and internationally, it is critical that we create an infrastructure that can support the needs of our customers,” said Troy Linder, chief financial officer of Fort Wayne Metals. “Our investment is intended to meet those needs, and we are thrilled to be able to partner with the IEDC and Greater Fort Wayne Inc. as we continue to grow our worldwide business right here in Fort Wayne.”
The Indiana Economic Development Corporation offered Fort Wayne Metals Research Product Corp. up to $1,125,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Fort Wayne will consider additional incentives at the request of Greater Fort Wayne Inc.
“The investment being made by Fort Wayne Metals is great news for our local economy as we continue to be a leader in economic development and job growth,” said Fort Wayne Mayor Tom Henry. “Fort Wayne Metals is sending a strong message that our city is a place to invest and grow.”