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

  • Barra shares plan to renew GM
    MILFORD, Mich. – General Motors CEO Mary Barra told investors Wednesday that GM plans a raft of new models and a big push to sell more cars in China to drive profits in coming years, as the biggest U.S.
  • General Mills to cut workforce
    General Mills plans to cut about 700 to 800 jobs, the second time it has trimmed its workforce in a month as the food company adjusts to a shift by U.S. consumers away from boxed and frozen meals.
  • Stocks skid on Ebola, Europe reports
    NEW YORK – It was a rough start to October for financial markets.Disappointing economic news in the U.S. and abroad drove down stocks Wednesday.
Advertisement

Metaldyne auto supplier adding 13 jobs to Bluffton plant

Metaldyne M&A Bluffton LLC, an auto industry supplier, plans to invest $8.2 million in equipment and add more than a dozen jobs, Wells County officials said Wednesday.

Wells County Economic Development said Metaldyne will add 13 jobs at its Bluffton plant, where it already employs 292.

The plant at 131 Harvest Road is part of Metaldyne’s Drivetrain Products group. Average wage for the new employees will be more than $17 an hour.

The company received approval Tuesday for a tax abatement from Bluffton City Council, economic officials said.

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 buying new equipment, the company expects to expand its product line.

Metaldyne makes transmission components for the automotive industry. Products include powder metal engine connecting rods, engine bearing caps, engine cylinder oil jets, transmission sub-assemblies, forged differential gears and pinions, differential assemblies, engine balance shaft modules, transmission shafts and engine crankshaft dampers, according to a news release.

Metaldyne has more than $1 billion in annual revenue, with 26 locations in 13 countries. The auto supplier is owned by American Securities, a leading private equity firm.

In its written request to the City Council, Metaldyne said the investment is part of ongoing efforts to invest in the latest technology. The investment will allow the facility to meet customer demand and stay competitive.

“Metaldyne’s growth in Bluffton is a direct result of the innovation and expertise of the leadership as well as the entire facility team,” Bluffton Mayor Ted Ellis said in a statement.

Advertisement