Fort Wayne Metals adding up to 337 jobs, investing in $51 million expansion
Medical wire maker Fort Wayne Metals plans to invest $51.1 million over the next five years to construct a new building and renovate another, resulting in an expected increase of up to 337 new jobs, Greater Fort Wayne announced Wednesday.
The company is expanding to accommodate growing demand, both nationally and internationally, the news release said.
The construction plans include building a new, two-story, 40,000-square-foot addition to its corporate office building at 9609 Ardmore Ave. and revitalizing a 60,000-square-foot building at 4202 Piper Drive, which the company recently purchased for expansion, the news release said.
The construction, which is scheduled to begin yet this year, 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.
The expansion will create new jobs in all areas of the business, including production, maintenance, business systems, thermal processing, statistical process control, regulatory compliance, production maintenance, environmental and safety.
To learn more about the job opportunities and to apply, go to fwmetals.com/people.
The Indiana Economic Development Corporation (IEDC) offered Fort Wayne Metals up to $84,000 in training grants and up to $3,449,000 in conditional tax credits, based on the company’s job creation plans, the news release said. Those incentives are performance-based, so the company won’t receive them until it hires new people.
Northeast Indiana Works also plans to provide the company with additional hiring and training assistance, the news release said. The Fort Wayne City Council also will be asked to consider approving tax phase-ins for Fort Wayne Metals’ eligible real estate and equipment investments.