Japan Steelmaker Plans $50m Indiana Wire Facility
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Japan Steelmaker Plans $50m Indiana Wire Facility
Japan’s largest steel producer plans to open a $50 million manufacturing facility employing up to 70 workers by the end of 2021, the Indianapolis Business Journal reports.
The new plant will process steel wire used for fastener applications by the automotive parts industry.
The 150,000-square foot facility is expected to be fully operational by spring 2017, according to the Journal.
For more on the Nippon facility, FIN subscribers can CLICK HERE.
From FIN Fastener History:
Asia Fastener Market at $44b By 2020
Report says Asia’s industrial fastener market will grow at CAGR of 7.2% to $44.1 billion by 2020, driven by rapid gains in China’s automobile industry.
Fastener Supply Chain Sees Ripple From Japan Disaster
U.S. fastener companies with facilities in Japan expect a long recovery from the series of disasters rocking the island nation.
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