The Italian stainless steel and nickel alloy manufacturer, Valbruna Slater Stainless, Inc., a subsidiary of Vicenza, will be investing approximately USD $30.5 million to renovate and equip its Fort Wayne, Indiana facilities.
A 166,000 square-foot addition will be added to the existing facilities with plans for it to be fully operational by late next year. The intent behind the expansion is to allow the company to increase its production capacity to meet growing demand in America for stainless steel and nickel alloys. Founded in 2004, Valbruna Slater Stainless is a producer of stainless steel and nickel alloy bars available in a variety of different shapes, which are sold to companies in industries including aerospace, automotive and industrial equipment manufacturers, as well as companies in power generation, chemical processing, construction and the biomedical industry.
According to the American Iron and Steel Institute, Indiana has topped the nation in steel production every year since 1980. The Great Lakes region of Indiana and the Chicago area produced more than 34 million tons of steel in 2013.