Steel Dynamics will invest more than $75 million in its Columbia City plant, including equipment and infrastructure upgrades, state officials announced today.
The Fort Wayne-based company also plans to add up to 33 "high-wage jobs" by 2018, according to a news release from the Indiana Economic Development Corp.
The company currently employs about 3,400 full-time associates across the state, including 705 full-time at its Columbia City facility at 2601 South County Road 700 East.
Indiana Secretary of Commerce Jim Schellinger said the state's "pro-growth business climate" and skilled workforce allow companies such as Steel Dynamics to continually expand.
The investments create quality jobs and solidify "Indiana's status as home to the largest concentration of manufacturing jobs in the nation," Schellinger said in a statement.
Indiana, he said, has more than 8,500 manufacturing businesses.
The $75 million investment into Steel Dynamic's Columbia City facility will add new rolling equipment, buildings for storage, site grading, drainage and road improvements. Construction is expected to be completed in the fourth quarter of 2018.
For more on this story, see Thursday's print edition of The Journal Gazette or visit www.journalgazette.net after 1 a.m. Thursday.