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

  • Jobless rate falls in 34 states
    WASHINGTON – Unemployment rates fell in 34 U.S. states in October, a sign that steady hiring this year has been broadly dispersed through most of the country.
  • Ford's better idea: 26 mpg pickup
    DEARBORN, Mich. — Ford said Friday that its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel-efficient gas-powered full-size pickup.
  • China cuts interest rates
    BEIJING – China’s central bank unexpectedly slashed interest rates Friday to re-energize the world’s No.
Advertisement

Superior Essex to add equipment, 20 jobs

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

Advertisement