Columbia City Metals Manufacturer Details $12M Investment

Posted: Updated:
(Image courtesy of Fort Wayne Metals, the parent of Fort Wayne Metals Advanced Materials Development LLC in Columbia City.) (Image courtesy of Fort Wayne Metals, the parent of Fort Wayne Metals Advanced Materials Development LLC in Columbia City.)
COLUMBIA CITY -

A manufacturer in Columbia City is expanding. The Whitley County Economic Development Corp. says Fort Wayne Metals Advanced Materials Development LLC plans to invest $12 million into new equipment and add 15 jobs. The company is a subsidiary of Fort Wayne Metals Research Products Corp. and says the expansion will boost stainless steel, nickel, cobalt, nitinol, titanium alloys and composite material melting capacity.

The company currently employs more than 40. General Manager Jeff Slater says "this expansion will help fuel the growth of our entire company. The materials we produce here support the growth of our entire operation. Columbia City should be proud of the fact that it helps lay the groundwork for countless life-saving innovations in the medical device industry."

The Whitley County Council has already approved a 10-year tax abatement on the project. In 2011, the company announced $13 million plans to locate a facility in Whitley County.

  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Airports in Indiana Secure FAA Grants

      Seven Hoosier airports and the Indiana Department of Transportation have received support for projects from the Federal Aviation Administration. Funding through the Airport Improvement Program will be used for infrastructure work including runways, terminals and firefighting and snow removal equipment. Nearly $660 million was distributed throughout the country in the most recent cycle.

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.

    • Holcomb says he hopes the state can serve as an example of "fair chance" hiring.

      Holcomb Names Board, Commission Appointees

      Multiple statewide boards and commissions will have new or reappointed members. Governor Eric Holcomb has announced appointments to the Indiana Law Enforcement Training Board, Indiana Uniform Law Commission and Ports Commission. They include...

    • Study: Hoosier Graduation Rates Continue to Rise

      A new report from the Indiana Commission for Higher Education says graduation rates among Hoosier college students are higher than ever. The 2018 College Completion Report says 38.5 percent of students graduated on time, up 4 percent from the previous year and nearly 14 percent over the past five years.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.