The Paper has learned that Steel Technologies LLC, a steel processing company, plans to expand its operations in Montgomery County, creating up to 21 new jobs by 2019.
According to the Indiana Economic Development Corporation, Louisville-based Steel Technologies will invest $10.1 million to grow operations and broaden capabilities at its current 233,000-square-foot production facility at 3560 Nucor Rd. Expanding the building to cover a total of 314,600 square feet, this addition will allow Steel Technologies to increase its capacity and services to support the growth of current customers and the industry in the region. Construction on the company’s expansion has already begun and the facility is expected to be fully operational in the coming months.
According to the IEDC, Indiana Gov. Mike Pence was impressed with the move.
“In Indiana, companies like Steel Technologies continue to benefit from doing business in a state that works,” Pence said.