Fort Wayne Metals Announces Major Expansion

Posted: Updated:
Picture Courtesy: Fort Wayne Metals Picture Courtesy: Fort Wayne Metals

Fort Wayne Metals says it will invest more than $50 million into its Allen County operations and add more than 330 new jobs by 2021. The precision wire, strand and cable manufacturer says growing demand led to the expansion, which includes an addition to its corporate office and a new building. Fort Wayne Metals currently has more than 800 full-time employees at facilities in Fort Wayne and Columbia City.

Chief Financial Officer Troy Linder says the company is "experiencing a global increase in demand." The expansion will increase Fort Wayne Metals' production capacity for precision wire and components for the medical device industry. Construction is set to begin in 2017.

Fort Wayne Metals says the new jobs will be in areas including production and maintenance, business systems, regulatory compliance, statistical process control, thermal processing and environmental safety. Fort Wayne Mayor Tom Henry says the expansion "is another example of the positive momentum we're seeing in Fort Wayne." In addition to its North American facilities, the company has operations in Asia, Central America and Europe.

The Indiana Economic Development Corp. has offered Fort Wayne Metals more than $3.5 million in conditional tax credits and training grants based on the job creation plans. The city of Fort Wayne and Northeast Indiana Works are also considering incentives.

The state says Fort Wayne Metals is one of nearly 1,700 life sciences firms operating in Indiana, employing more than 56,000 Hoosiers. BioCrossroads, Indiana's life sciences initiative, says Indiana exports $9.6 billion in life sciences products annually, ranking second in the United States.

  • Perspectives

    • Marketing is No Mistake

      We all know, "People make mistakes." So true. Yet it's not an excuse for the marketing blunders that seem to reach customers a bit too often. Many can be chalked up to carelessness, insensitivity and lack of relevance or connection. Most organizations could benefit from a communications audit.

    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

    • Tech Exec Believes Indy 'Dodged a Bullet' by Missing HQ2

      A big name in the state’s technology community says central Indiana "dodged a bullet" by not landing an Amazon.com Inc. (NYSE: AMZN) headquarters. Fishers-based ClearObject Inc. Chief Executive Officer John McDonald says Amazon’s $5 billion plans, which call for 50,000 additional jobs over 20 years, would’ve compounded existing transportation, housing and workforce issues. Amazon announced Tuesday that New York City and northern Virginia beat out...

    • (photo courtesy The Times of Northwest Indiana)

      Gary Airport Hangar Lands Tenant

      The new East Corporate Hangar at the Gary/Chicago International Airport has a tenant. The airport has approved a 10-year lease with Valparaiso-based Sage-Popovich to occupy the $1.3 million hangar, construction for which is expected to be complete in the first quarter of 2019.