111 jobs coming to Steuben County

HAMILTON, Ind. (WANE) - An Ohio-based company is expanding into northeast Indiana and bringing with it 111 new jobs.
 

Triton Metal Products is a new business formed by Bryan, Ohio-based Industrial Steering Products. The company manufactures parts for the heavy truck, medical, military, aerial lift, food processing and motor home industries.

It announced Tuesday it will invest $4.8 million to expand and have Triton Metal occupy a building in Hamilton, Indiana in Steuben County. The jobs will be created by 2014.

Industrial Steering recently decided to spin off its machining and fabricating operations from its original product line of steering components.

As a result, Industrial Steering will continue to produce steering pitman arms and draglinks for industrial vehicles, motor homes and heavy trucks, while Triton Metal will be a full service machining and fabricating provider.

“Despite difficult economic times, Indiana’s position as a low-cost, low-tax state for business continues to yield new jobs and investment for Hoosiers,” said Governor Mitch Daniels. “I know the team at Triton Metal Products will find a talented, energetic workforce in northeast Indiana and I am happy to welcome them to our state.”

The Indiana Economic Development Corporation says it offered Triton Metal Products up to $620,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job creation plans to locate in Indiana.

The state also says the town of Hamilton will consider additional property tax breaks on machinery and building improvements.