According to local news Thursday, southern Indiana steel-processing company VOSS Clark is considering an additional $5 million equipment upgrade to its facility at the Port of Indiana-Jeffersonville, in addition to the $12 million investment announced in January 2014.
"The automotive and steel industries are using more advanced high strength steels in order to meet the stringent Corporate Average Fuel Economy (CAFE) standards. VOSS Clark is in the process of upgrading its manufacturing equipment in order to effectively process these advanced high strength steels. Recently we identified additional equipment that would allow us to increase our productivity and efficiency rates and maintain our position as a viable steel processor for the automotive industry," VOSS Clark President Joseph Rhodea said in a statement.