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.