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Steel giants ArcelorMittal of Belgium and Nippon Steel Corp. of Japan plan to double production of galvanized steel at their I/N Kote joint venture in New Carlisle and add 100 workers by 2010.
The plant galvanizes steel made by ArcelorMittal’s mills in Indiana Harbor and Burns Harbor on Lake Michigan, and Nippon’s operation in New Carlisle, which is between Michigan City and South Bend.
The $240 million investment will create a new continuous line with annual capacity of 480,000 tons.
I/N Kote received as much as $4.8 million in tax credits based on performance and up to $100,000 in training grants from the Indiana Economic Development Corp.
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