FORT WAYNE, Ind. (WANE) – On Thursday, Fort Wayne Metals announced plans to expand its Fort Wayne operations, which will create up to 106 new jobs by 2017.
The company will invest $29.4 million to construct and renovate a 33,000 square-foot facility on its 50-acre Ardmore Avenue campus. The expansion will allow Fort Wayne Metals to increase capacity for the production of stainless steel, nickel, cobalt, nitinol and titanium wire.
Fort Wayne Metals already has seven production facilities, a warehouse, a research and development center and a metallurgical laboratory in Fort Wayne.
“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 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.”
About Fort Wayne Metals
Fort Wayne Metals Research Products Corporation is headquartered in Fort Wayne, Indiana, with production and distribution in Castlebar, Ireland, sales offices located in the Netherlands, China and Brazil, and distribution representation throughout the United States, as well as in Japan and Israel. For more information, visit www.fwmetals.com or contact Customer Service at (260) 747-4154.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.