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

  • Lincoln earnings rise 26%
    Lincoln National Corp. on Wednesday reported sec­ond-quarter earnings of $398 million, or $1.48 per diluted common share, a 26 percent increase from the $317 million, or $1.15 a sh ...
  • Lincoln National quarterly earnings up 26%
    Lincoln National Corp. today reported second-quarter earnings of $398 million, or $1.48 per diluted common share, a 26 percent increase from the $317 million, or $1.15 a share, posted for the same three months of 2013.
  • First Financial Bank opening teller lines in downtown Fort Wayne
    Another bank is opening teller lines in downtown Fort Wayne. First Financial Bank and city officials have scheduled an announcement for 10 a.m.
Advertisement

Fort Wayne Metals to expand, add jobs

Fort Wayne Metals Research Products Corp. is investing $29.4 million in an expansion project that will create up to 106 new jobs by 2017, state officials announced today.

Hiring is expected to begin this fall for production, administrative, and research and development positions, according to a news release from the Indiana Economic Development Corp.

Troy Linder, Fort Wayne Metals’ chief financial officer, said the investment is being driven by customer demand.

“As we continue to see growing demand for our products, both domestically and internationally, it is critical that we create an infrastructure that can support the needs of our customers,” he said in a statement.

Greater Fort Wayne Inc. simultaneously issued a news release about the investment. Its numbers were markedly different from the state’s release, saying that Fort Wayne Metals plans to invest $17.7 million and create 72 jobs during the next two years.

Because of the difference in time periods, both announcements could be correct. A company official couldn’t be reached immediately for confirmation. A spokeswoman with the IEDC agreed the time difference is the likely reason for the discrepancy.

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

sslater@jg.net

Advertisement