Johnstown
Wire Technologies, a Johnstown, Pennsylvania-based producer of Cold Headed Quality and value added
wire in
North America, has announced it is finalizing the completion of its multi-year commitment of nearly $10.0 million into its facility to further augment its capacity, expand its steel
wire product portfolio and further satisfy its customers' technological requirements.
The aforementioned capital investments significantly increase JWT's capacity in both CHQ and value added spring
wire products. Furthermore, this comprehensive capital program includes one of the largest automated clean and coat lines in
North America, numerous multi-hole
wire drawing machines, and technology that enables larger diameters.
These new capabilities permit JWT to enhance its drawing of both high and low carbon steel
wire, offering superior cooling, consistency and packaging. The majority of the capital investments are now fully operational, with the balance coming online by early third quarter 2016.
"We are excited that our new investors have committed substantial resources into JWT to further increase both capacity and product capabilities that will better meet the needs of our current and new customers for years to come. This strategic capital investment program has created new opportunities for our company, our business partners, and our team members across the globe," said Ron Shaffer, President & CEO of Johnstown
Wire Technologies.