Italy-based Valbruna Slater Stainless Inc., plans to expand its production center in Fort Wayne, Indiana with an investment of $30.5 million.
This investment is used to renovate and equip its Fort Wayne facilities, constructing a 166,000 square-foot addition.The expanded facility, which will be fully operational by late next year, will allow the company to increase its production capacity to meet growing demand in the U.S. for stainless steel.
For this expansion project, Indiana Economic Development Corporation offered Valbruna Slater Stainless, Inc. up to $450,000 in conditional tax credits and up to $150,000 in training grants based on the company's job creation plans.
|Company Name||Valbruna Slater Stainless Inc.,|
|Location||Fort Wayne, Indiana|
|Estimated Cost||$30.5 million|