Delaco Kasle Processing Indiana, a joint venture between metal processing firms, plans to locate its operations in Jeffersonville, creating up to 105 jobs by 2017.
The Diez Group and Steel Technologies, in a joint venture with Kasle Metal Processing, plan to invest $14.28 million in upgrades and expand the 120,000-square-foot former Kasle Metal Processing facility in Port of Indiana-Jeffersonville to 226,000 square feet by summer 2015.
DKP Indiana serves the automotive, agriculture and appliance industries, processing exposed and unexposed aluminum, steel coils and blanks. The company plans to add production lines at Jeffersonville.
Diez Group is a subsidiary of Delaco Steel Corp., based in Dearborn, Mich. Steel Technologies is a flat-rolled steel processor based in Louisville, Ky., a joint venture between Nucor Corp. and Mitsui & Co., with 25 company-owned and joint-venture facilities in the United States, Mexico and Canada.
The Indiana Economic Development Corp. offered up to $750,000 in conditional tax credits to Delaco Steel, as well as up to $100,000 in training grants based on the company’s job creation plans. The company will not be eligible to claim these incentives until Hoosiers are hired.