Ohio manufacturer expanding in northeast Indiana

Back to TopCommentsE-mailPrintBookmark and Share

An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana, creating 111 jobs by 2014, state economic development leaders said Tuesday evening.

Industrial Steering Products will grow its Steuben County production operations by forming a new business, Triton Metal Products. The company, which makes parts for the heavy truck, medical, military and motor home industries, plans to invest $4.8 million to expand an existing 93,000 square-foot building.

Formed in 1982 from a division of General Motors, Industrial Steering Products will continue to produce steering components for industrial vehicles, motor homes and heavy trucks. Its Triton Metal Products subsidiary will be a full-service machining and fabricating provider.

A woman-owned small business enterprise, Triton already has hired additional manufacturing and engineering workers to help with the Hamilton expansion.

The Indiana Economic Development Corporation offered Triton up to $620,000 in performance-based tax credits and up to $50,000 in training grants based on the company's job creation plans. The town of Hamilton will consider additional property tax abatement on machinery and building improvements.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
thisissue1-092914.jpg 092914

Subscribe to IBJ