Rigging Maker Growing Indiana Footprint

Posted: Updated:
FORT WAYNE -

Indianapolis-based Tway Lifting Products is opening a new facility in Fort Wayne. The company, which makes industrial and commercial rigging products, says it is investing $1 million into the 20,000 square-foot Allen County operation, which will be home to a small number of new employees. The Fort Wayne site, a renovated facility, will include wire rope sling assembly, tensile load testing, chain sling fabrication and production support equipment, as well as retail capabilities.

Tway was founded over 70 years ago and has more than two dozen employees. Chief Executive Officer Peter Hansen is bullish on his outlook for the Fort Wayne market, pointing toward a "construction boom on the horizon and the steel mills running at capacity." He adds "the new tax laws and the business-friendly climate in Indiana have made Fort Wayne an ideal location to invest heavily in machinery and in job creation. Building a second Wire Rope Products plant in Indiana strengthened our position with the industrial sector in the Midwest and brings another manufacturing plant to the state. There are few plants in the country capable of producing lifting gear this heavy, the same day, and we are excited to be among the best."

Tway Lifting Products customers are in the construction, mining, automotive, utility infrastructure, entertainment, stadium, racetrack and steel production fields.

  • Perspectives

    • Three Ways to Stand Out In a Competitive Hospitality Market

      For many business leaders in the Indianapolis area, it can be difficult to differentiate your brand from competitors. Indianapolis is booming, and we're in an era where consumers have access to countless choices! That's why it's more important than ever for brands to provide consumers with compelling reasons to spend their hard-earned money on their product or services.

    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

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) is reducing workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company said 108 employees will be out of work by the end of September. A corporate spokeswoman told Inside INdiana Business the decision was a response to "changing business needs." She added "we are making adjustments at our Walmart Optical Labs in Crawfordsville to help ensure we have the right people in the right place at the right time."

    • 'Best And Worst-Run' Ranks Hoosier Cities

      Three Indiana cities are included in WalletHub's list of the "2018 Best- And Worst-Run Cities in America." The list compares 150 of the most populated cities across several categories, including financial stability, education, and economy. 

    • Brown County Aims to 'Buck' Rural Flight

      The Maple Leaf Performing Arts Center isn't the only big ticket project making progress in Nashville. Town Manager Scott Rudd says some $40 million in projects designed to the boost the quality of life for locals and visitors alike are in the works in the tourism-focused community. The owners of Big Woods and Quaff On breweries are just days away from the grand opening of the multi-million-dollar Hard Truth Hills attraction in Brown County, which covers 325 acres and includes...

    • Officials broke ground on the project more than two years ago.

      Steel Producer to Open Shelbyville Plant

      Governor Eric Holcomb will Wednesday join executives from Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. to cut the ribbon on the company's 150,000-square-foot facility in Shelbyville. The $50 million project is expected to create up to 70 jobs by 2021.

    • Tech Apprenticeship Company Scores $4.2M

      Kenzie Academy Inc., a technology industry apprenticeship program that has its first campus in Indianapolis, has received a $4.2 million seed round of funding. The company uses what it calls a "college-alternative" model that involves a year of immersive learning and a year of paid work at its consulting subsidiary, Kenzie Studio. Kenzie Academy says the investment, led by New York-based ReThink Education and supported by...