Rigging maker growing Indiana footprint
By Dan McGowan | Inside INdiana Business
Indianapolis-based Tway Lifting Products is opening a new facility in Fort Wayne. The company, which makes industrial and commercial rigging products, says it is investing $1 million into the 20,000 square-foot Allen County operation, which will be home to a small number of new employees. The Fort Wayne site, a renovated facility, will include wire rope sling assembly, tensile load testing, chain sling fabrication and production support equipment, as well as retail capabilities.
Tway was founded over 70 years ago and has more than two dozen employees. Chief Executive Officer Peter Hansen is bullish on his outlook for the Fort Wayne market, pointing toward a "construction boom on the horizon and the steel mills running at capacity." He adds "the new tax laws and the business-friendly climate in Indiana have made Fort Wayne an ideal location to invest heavily in machinery and in job creation. Building a second Wire Rope Products plant in Indiana strengthened our position with the industrial sector in the Midwest and brings another manufacturing plant to the state. There are few plants in the country capable of producing lifting gear this heavy, the same day, and we are excited to be among the best."
Tway Lifting Products customers are in the construction, mining, automotive, utility infrastructure, entertainment, stadium, racetrack and steel production fields.