Ohio manufacturer expanding in northeast Indiana

  • Comments
  • Print

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.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In