Fort Wayne Metals, which produces precision wire, strands and cables for the medical device industry, plans to expand locally and create up to 337 new jobs by 2021.
Expansion plans include a $51.1 million investment, according to a news release today from the Indiana Economic Development Corp.
To meet growing demand for products, Fort Wayne Metals plans to construct a two-story, 40,000-square-foot addition to its corporate office building at 9609 Ardmore Ave. The company will also revitalize a 60,000-square-foot building at 4202 Piper Drive, which it recently purchased for expansion.
With construction scheduled to begin in 2017, the project will increase the company's production capacity for precision wire and wire-based components for the medical device industry and other critical applications, the news release said.
“Indiana has earned a reputation as one of the world's leading medical device hubs,” Gov. Eric J. Holcomb said in a statement. “Every day, Hoosiers are at work developing new life-saving solutions, and I'm excited to see that trend continue with the growth of our life sciences sector and industry-leading firms like Fort Wayne Metals.”
For more on this story, see Thursday's print edition of The Journal Gazette or return to www.journalgazette.net after 1 a.m. Thursday.