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3/24/2011 3:04:00 PM
Fort Wayne Metals subsidiary to start production in Columbia City

Greater Fort Wayne Business Weekly

A subsidiary of Fort Wayne Metals Research Products Corp. will invest $12.9 million to renovate and equip the former Fort Wayne Foundry building in Columbia City for the production of alloy metals, the Indiana Economic Development Corp. announced Thursday morning.

In a statement, the IEDC said Advanced Materials Development LLC will create up to 68 jobs at the Columbia City operation by 2014. The facility will produce stainless steel, nickel, cobalt and titanium alloys used in Fort Wayne Metals' products.

The 115,000-square-foot former Fort Wayne Foundry building in Columbia City closed last year; 135 employees lost their jobs, and another 117 workers who had been on layoff since spring 2009 were permanently idled.

"Fort Wayne Metals continues to see growing demand for our products, both domestically and internationally. Our investment is intended to meet the anticipated needs of our customer base. We believe Indiana, more specifically Whitley County, provides us an excellent opportunity to meet those needs," Troy Linder, chief financial officer at Fort Wayne Metals, said in the statement.

According to the IEDC statement, Advanced Materials Development expects to begin hiring production workers in August. Fort Wayne Metals has 570 workers at its seven Allen County locations. In November, the company announced it would invest $2 million in manufacturing equipment as part of an expansion of its Labeca facility on McArthur Drive in Fort Wayne.

Fort Wayne Metals was started in 1946 by Ardelle Glaze. Fort Wayne Metals Research Products Corp. began operations in 1970 and makes high-quality precision wire, strands and cables, and component assemblies used in medical device markets including orthopedics, dental, cardiac rhythm management, vascular therapy and other industries.

The IEDC offered Fort Wayne Metals up to $700,000 in performance-based tax credits and up to $50,000 in training grants based on its job creation plans, and Whitley County officials approved a property tax abatement.

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