Indiana Economic Digest | Indiana
Advanced Search

• Most Recent




home : most recent : most recent January 20, 2019


1/10/2019 12:13:00 PM
Fort Wayne Metals to lease space for research in city's Electric Works

Sherry Slater, Journal Gazette

Fort Wayne Metals Research Products Corp. has signed a letter of intent to lease research and development space at Electric Works, officials announced Wednesday.

The privately owned company makes precision wire for the medical industry. The strands – sometimes thinner than a human hair – are used in cardiac, dental, orthopedic and other medical devices.

Scott Glaze, president and CEO of Fort Wayne Metals, issued a statement about his company's decision.

“As we continue to be innovative leaders of life-saving, high-quality material solutions, we are experiencing a global increase in demand,” he said. “Our investment in facilities, research and talent will help build the infrastructure necessary to meet this demand, and we are excited to be able to establish a presence at Electric Works and take advantage of the unique resources and opportunities it offers our team.”

In October 2017, the company announced plans to invest $51.1 million and add more than 300 jobs to its northeast Indiana operations by 2021.

Fort Wayne Metals, which employs more than 1,200, has operations in Fort Wayne, Columbia City and Ireland.

Organizations that have already announced plans to occupy space in Electric Works include Parkview Health, Fort Wayne Community Schools, Indiana Tech and Medical Informatics Engineering. An Indiana University trustee told The Journal Gazette that IU is also pursuing a place there, possibly within Parkview's footprint.

Related Links:
• Journal Gazette full text

Copyright #YYYY#, www.journalgazette.net






Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


Software © 1998-2019 1up! Software, All Rights Reserved