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

  • Fort Wayne ranks No. 11 on Forbes list of Opportunity Cities
    Forbes has ranked Fort Wayne No. 11 on its list of Opportunity Cities. The 19-city list, published Thursday, put Columbus, Ohio, at the top.
  • Alibaba stock soars 40% in massive IPO
    NEW YORK – Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese
  • China levies record fine
    BEIJING – Drug giant Glaxo­SmithKline was fined $492 million Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.
Advertisement

Metaldyne to invest $8 million at Bluffton plant

Metaldyne M&A Bluffton, LLC, plans to invest more than $8 million in equipment and add jobs as part of an expansion that will benefit from a tax abatement.

Metaldyne makes transmission components for the automotive industry.

Wells County Economic Development said Wednesday that 13 jobs will be added to the 292 employees already at Metaldyne’s Bluffton plant, which is part of Metaldyne’s Drivetrain Products group. Average wage for the new employees will be more than $17 per hour.

The company received an abatement Tuesday from the Bluffton City Council.

Daun Spurgeon, engineering and maintenance director for the Bluffton plant, attended Tuesday’s council meeting along with Diane Johnson of Wells County Economic Development to request the $420,000, 10-year abatement. Along with purchasing new equipment, the company expects to expand its product line.

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

Advertisement