SDI plans $75-million expansion
Greater Fort Wayne Business Weekly
Steel Dynamics Inc. will invest more than $75 million to expand production capabilities its Columbia City mill, creating as many as 33 new jobs by 2018.
The announcement July 5 said the project would included the addition of new rolling equipment, buildings for storage, site grading, drainage and road improvements. Construction expected to be completed in the fourth quarter of 2018.
The expansion will allow Steel Dynamics to produce 240,000 tons of new steel products annually.
“SDI has been a significant asset to the Whitley County community, and we appreciate all the company does to invest in and support our community,” said Whitley County Commissioner George Schrumpf.
The Indiana Economic Development Corp. offered Steel Dynamics up to $190,000 in training grants and up to $300,000 in conditional tax credits based on the company’s expansion plans. Whitley County approved additional incentives.
Headquartered in Fort Wayne, Steel Dynamics has operations in 15 Indiana cities, including Butler, Columbia City and Fort Wayne. The company currently employs 3,400 full-time associates across the state, including 705 full-time employees at Columbia City. The new jobs in steel production and maintenance are expected to pay more than 50 percent above the state’s average wage.