Nippon Steel & Sumitomo Metal Corp. announced Tuesday that it will construct a subsidiary facility in Indiana to process cold heading steel wire for the auto industry. The new company, Nippon Steel & Sumikin Cold Heading Wire Indiana Inc., will build a 150,000-square-foot plant and produce 39,000 tons of steel wire per year. The plant is expected to open by spring 2018.
“High-quality wire is essential to producing nuts, bolts and other fasteners used in cars and trucks to ensure the highest levels of safety," said Hideoki Kimura, president of the new Indiana company. "We chose Indiana and the Shelbyville community for this investment because of the central location, established manufacturing industry and the skilled workforce available.”