Nippon Steel & Sumitomo Metal Corp plans to establish a steel wire processing facility in Shelbyville, Indiana, the Japanese steelmaker said Tuesday.
The facility, which will be located adjacent to NSSMC's Precision Forge plant, will process cold heading steel wire used for fastener applications by the automotive parts industry and is expected to have an annual capacity of 39,000 mt. The facility, which will operate under the name Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. as a wholly owned subsidiary of Tokyo-based NSSMC, is expected to cost $50 million and be fully operational by the spring of 2018.
"This facility is the first US production plant for the NSSMC Bar & Wire Rod Unit, already operating in Thailand and China, and we are excited to be locating in Indiana," Hideoki Kimura, president of Nippon Steel & Sumikin Cold Heading Wire Indiana, said in a statement. "High quality wire is essential to producing nuts, bolts and other fasteners used in cars and trucks to ensure the highest levels of safety. We chose Indiana and the Shelbyville community for this investment because of the central location, established manufacturing industry and the skilled workforce available."
