Fort Wayne Metals, a manufacturer of precision materials used in the medical device industry, announced plans to invest $18.5 million in its northeast Indiana operations. The company, recently acquired by New York-based investment company Axel Johnson Inc., will create 150 new jobs.
Expansion Details
The investment will support the company’s facilities, manufacturing capabilities, technology, and research and development efforts. Fort Wayne Metals currently employs more than 1,400 people across its operations, including nearly 1,300 employees in Fort Wayne, 72 in Columbia City, and 80 at two facilities in Ohio.
The company recently expanded its Nitinol melting capabilities. Nitinol is a metal alloy used to produce wire for manufacturers of smaller, more complex medical devices.
Original reporting: WOWO News/Talk (Fort Wayne) — read the source article.
