Steel roll manufacturer Union Electric Steel expands Valpo plant, adds 35 new jobs
15 April 2015
Union Electric Steel is expanding its operations, creating up to 35 jobs by 2017 at its local plant at 3702 Montdale Park Drive.
The Indiana Economic Development Corp. announced the expansion of the Pennsylvania-based steel roll manufacturer's plant Monday. It produces hardened steel, cast iron and cast steel rolls, and will invest in grinding and milling equipment, transportation expenses and foundation modifications at its 88,000 square-foot location.
The pouring of the foundations for the equipment is already underway and the initial machine is slated to be operational in May, according to a press release.
The expansion and installation of the machines will allow Union Electric Steel to manufacture additional work rolls to meet customer demand.
Union Steel Electric, which currently has more than 80 full-time employees in Indiana, plans to begin hiring manufacturing, production and administrative positions in May.
The Indiana Economic Development Corporation offered Union Electric Steel Corporation up to $300,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Valparaiso approved additional tax abatement.