Steel Company Invests in Hammond Facility

Posted: Updated:
(photo courtesy Specialty Steel Works Inc.) (photo courtesy Specialty Steel Works Inc.)
HAMMOND -

Hammond-based Specialty Steel Works Inc. has announced plans for a multi-million-dollar investment in its LaSalle Corp. Cold Finish Steel Bar facility in the Lake County city. Terms of the investment are not being disclosed, however the company says the new equipment will make the facility the most modern bar-to-bar operation in North America.

The facility processes cold finished steel bars for various industries, including transportation, industrial equipment, and agriculture. SSWI Chief Executive Officer Joel Hawthorne calls the investment "transformative" and says it is part of the company's strategy to build a sustainable portfolio of assets.

A spokesman for SSWI tells Inside INside Indiana Business the investment is part of an effort to be proactive to changes in the needs of the company's customers. He it is uncertain whether the investment will result in any new jobs, however it does help retain the 180 employees currently working at the Hammond facility.

SSWI says the new equipment will be installed over the next year and will enhance the long-term viability of the facility. The Hammond location is the largest single site of its kind in North America.

  • Perspectives

    • Want Your Startup to Move Faster? Use Two Military Strategies

      Speed is everything at a startup. So is discipline. By that, I mean the discipline to stay focused on the most important objectives, to do the late nights and early mornings when we don’t want to do them, and to see the results of our work as objectively as possible. It’s not easy, especially when speed and discipline often seem at odds. We think about this a lot here at Powderkeg. How do we move as fast as possible while remaining as disciplined as possible? We recently...

    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

    • Infosys Hub to 'Reskill' Workforce

      India-based Infosys, which today broke ground on a $35 million U.S. Education Center in Indianapolis, says the campus is focused on preparing the American workforce for the technology jobs of the future. "Continuous learning and reskilling are core components of Infosys' DNA," said Chief Operating Officer UB Pravin, adding the company will use the facility on the former Indianapolis International Airport terminal site to train 10,000 new American hires.

    • 'Proven Leaders' to Head New Two-Year College

      Marian University has named Jeffrey Jourdan executive director of Saint Joseph's College of Marian University - Indianapolis, its new two-year institution. Michael Nichols will serve as associate director and dean of SJC@MU. In October, Marian and Saint Joseph's College in Rensselaer detailed a partnership to launch the school near Marian's Indianapolis campus. St. Joe suspended operations in 2017 after massive debt responsibilities forced the school into an attempted rebirth.

    • Renovations Coming to Edinburgh Premium Outlets

      Renovations are coming to Edinburgh Premium Outlets as plans have been announced by Indianapolis-based Simon Property Group Inc. (NYSE: SPG). Construction is set to begin this fall. The multi-million dollar plans include an archway sign, two new courts visible from I-65 on the east side of the property and a food truck plaza on the southwest corner.

    • Infosys to Break Ground at Airport Site

      State and local officials will Friday break ground on a new U.S. Education Center for India-based Infosys. The company is initially investing $35 million to transform more than 70 acres of the former Indianapolis International Airport terminal site into a training center and 250-person residential facility totaling 125,000 square feet.

    • Senators Tim Lanane (left) and Eddie Melton outlined the caucus' agenda Friday.

      Teacher Pay, Medical Marijuana Among Senate Dems' Focus

      The Indiana Senate Democratic Caucus has unveiled its legislative agenda for the 2019 General Assembly. Senate Minority Leader Tim Lanane (D-25) says the caucus will be focused on three main priorities: raising teacher salaries, protecting coverage for pre-existing conditions and legalizing medical marijuana. The caucus says it will also continue to push for a statewide hate crimes law, as well as legislation to stop gerrymandering. Lanane announced the caucus' priorities Friday...