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[IEDC] Pennsylvania-Based Steel Roll Manufacturer Chooses Northwest Indiana for Expansion
Start Date: 4/13/2015Start Time: 12:00 AM
End Date: 4/13/2015
Entry Description
VALPARAISO, Ind. (April 13, 2015) – Union Electric Steel, a producer in hardened steel, cast iron and cast steel rolls, announced plans today to expand its operations here, creating up to 35 new jobs by 2017.

The Carnegie, Pennsylvania-headquartered company will invest in grinding and milling equipment, transportation expenses and foundation modifications at its 88,000 square-foot plant in Valparaiso. With the pouring of the foundations for the equipment already underway, the initial machine is slated to be fully operational in May. The expansion and installation of the machines will allow Union Electric Steel to manufacture additional work rolls to meet customer demand.  

"Decisions like the one Union Electric Steel is making to expand operations in the Hoosier State confirm Indiana is a state that works for business," said Eric Doden, president of the Indiana Economic Development Corporation. "From our low-tax environment ranked best in the Midwest to the ease of accessing customers as the Crossroads of America, Indiana has the elements needed for businesses to grow and succeed."

Union Steel Electric, which currently has more than 80 full-time employees in Indiana, plans to begin hiring manufacturing, production and administrative positions beginning in May. Interested candidates can apply by visiting the Union Electric Steel website or by sending a cover letter and resume to hrrecruiting@uniones.com, indicating “UES Valparaiso Plant Opportunities” in the subject of the email.

“Union Electric Steel continues to find the resources and business climate it needs to succeed in Indiana,” said Rodney Scagline, executive vice president of Union Electric Steel. “The hard work of our dedicated workforce is helping us to be more competitive in the steel roll industry. Operating in a low-tax, right-to-work state like Indiana has enhanced our ability to deliver what we need to our customers, and we look forward to our continued success here in Valparaiso.”

Founded in 1923, Union Electric Steel produces forged steel rolls, hardened steel and cast iron rolls for the steel and aluminum industries. In addition to its Indiana production facility, the company has three manufacturing facilities in Pennsylvania and serves customers around the world. Last year, Union Electric Steel saw its total production capacity exceed 60,000 tons from all plants.

The Indiana Economic Development Corporation offered Union Electric Steel Corporation up to $300,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Valparaiso approved additional tax abatement.

"I am pleased that Union Electric has decided to expand and relocate operations to Valparaiso,” said Valparaiso Mayor John Costas. “This is just another validation of the positive, pro-business climate in our community and State."

About Union Electric Steel
Union Electric Steel (UES) is a fully-   integrated roll manufacturer and recognized as one of the world’s leading producers of forged hardened steel, cast iron, and cast steel rolls. Headquartered in Carnegie, Pennsylvania, UES is one of the largest producers of rolls for the ferrous and non-ferrous rolling industries in the world, with a total capacity exceeding 60,000 tons annually.

About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov. style="text-decoration: underline;">

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Media Contacts:
Rose Hoover (Ampco-Pittsburgh Corporation) – 412.456.4454 or
rhoover@ampcopgh.com
Katelyn Prentice (IEDC) – 317.234.2294 or kprentice@iedc.in.gov
Contact Information:
Name: Katelyn Prentice
Phone: 317.234.2294
Email: kprentice@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Business & Agriculture
  • Agency Name
    Economic Development Corporation, Indiana

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