An Italy-based specialty steel manufacturer plans to spend $15 million to build a North American headquarters in Indiana that’s expected to employ more than 100 workers by the start of 2022.
INOX Market Service announced Monday that it expects to open the 139,800-square-foot facility in Delaware County in the spring of 2021. Manufacturing should be at full capacity by January 2022, the company said.
The plant will serve as headquarters for subsidiary INOX Market North America. The facility will received raw rolled stainless steel coils and produce cut-to-size stainless steel for several industries, including large appliance manufacturers, elevator and escalator companies, and the industrial and franchise cooking industry.
INOX Market Service, headquartered in the Province of Padua in northern Italy, has existing production sites in Europe, Mexico and India. The Indiana facility will be its first in the United States.
The Indiana Economic Development Corp. offered INOX Market North America up to $1.1 million in tax credits based on its job-creation plans. The incentives hinge on the company’s meeting hiring goals.
Delaware County is expected to grant further incentives.
Bluffton-based Briner Buildings Inc. has been selected to handle construction of the facility.