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Oct 18, 2017

Fort Wayne Metals

Fort Wayne Metals, which produces precision wire, strands and cables for the medical device industry, announced plans to expand its Allen County operations, creating up to 337 new jobs by 2021.




"Indiana has earned a reputation as one of the world's leading medical device hubs," Governor Eric J. Holcomb said. "Every day, Hoosiers are at work developing new life-saving solutions, and I'm excited to see that the trend continue with the growth of our life sciences sector and industry-leading firms like Fort Wayne Metals."

 


 

The company, which was established in Fort Wayne in 1946 and now has operations across the world, will invest $51.1 million to expand and enhance its northeast Indiana operations. In order to meet growing demand for its products, Fort Wayne Metals plans to construct a two-story, 40,000-square-foot addition to their corporate office building at 9609 Ardmore Ave. and will also revitalize a 60,000-square-foot building at 4202 Piper Drive, which they 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.   

Fort Wayne Metals’ products are distributed globally and used in various medical device markets, including vascular therapy, cardiac rhythm management, endoscopy, orthopedics, dental, neuromodulation and neurostimulation. The company is one of 1,687 life sciences firms in Indiana that employ more than 56,000 Hoosiers. According to BioCrossroads, these firms help Indiana export $9.6 billion of life sciences products annually, ranking No. 2 in the nation.

As we continue to be innovative leaders of life-saving, high-quality material solutions, we are experiencing a global increase in demand,” said Troy Linder chief financial officer of Fort Wayne Metals. “Our investment in facilities and people will help build the infrastructure necessary to meet this demand, and we are excited to be able to partner with the IEDC and Greater Fort Wayne Inc. to continue to expand our footprint in Fort Wayne."

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