Superior Essex to add equipment, 20 jobs

The Journal Gazette, 600 W. Main St., Fort Wayne IN

56°

Local weather

National Weather Service

Mobile |

RSS

Search archive

You choose, we deliver

If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

Developer buys lake resort
A developer known for its senior citizen complexes has invested $6 million to acquire a Kosciusko County lakeside resort.Today 3:10 pm
Grain futures rose, beef prices fall
CHICAGO (AP) — Grains futures rose Wednesday on the Chicago Board of Trade.Wheat for July delivery rose 8 cents to $6.885 a bushel; July corn jumped 18.5 cents to $6.Today 7:21 am
Markets roiled by Nikkei's 7.3 percent slide
LONDON (AP) — Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.Today 7:19 am

Last updated: February 1, 2013 5:16 p.m.

Superior Essex to add equipment, 20 jobs

Sherry Slater | The Journal Gazette

Superior Essex will invest almost $2.4 million in new magnet wire production equipment, which includes an oven, plant manager Jesse James said Friday.

The company will also create add 20 new jobs.

The Atlanta-based company has applied for a 10-year tax abatement on the equipment.

Magnet wire is used in motors, generators, transformers – anything that uses electricity.

The plant at 800 W. Mitchell St., Kendallville, now employs 61.

For more on this story, see Saturday morning’s print edition of The Journal Gazette or go to www.journalgazette.net after 3 a.m. Saturday.

sslater@jg.net