Thursday, October 05, 2017 1:00 am
Metals company to expand,add 15 jobs in Columbia City
The Journal Gazette
Fort Wayne Metals Advanced Materials Development is expanding its Columbia City operations by investing $12 million in new equipment and adding 15 new jobs.
Advanced Materials, 2300 E. Cardinal Drive in Columbia City, is a subsidiary of Fort Wayne Metals Research Products Corp. and currently employs 41 people. The company manufactures precision wire and related components for use in life-saving medical devices and other critical applications, and also has locations around the globe throughout Asia, Central America and Europe.
The company's investment will expand its melting capacity for producing stainless steel, nickel, cobalt, nitinol and titanium alloys, and composite materials, according to a news release Wednesday. This will help the company develop materials for various wire forms with improved characteristics such as higher corrosion resistance, strength, fatigue resistance and wear resistance for the medical device industry.
“This expansion will help fuel the growth of our entire company,” said Jeff Slater, general manager of Fort Wayne Metals Advanced Materials Development.
“The materials we produce here in Columbia City support the growth of our entire operation,” the statement said.
The Whitley County Council approved a 10-year tax abatement in support of the project.