Michigan, Kentucky-Based Steel Processors Pick Indiana For Joint Venture
Posted by Heidi Schwartz
Delaco Kasle Processing Indiana, LLC (DKP Indiana), a processor of exposed and unexposed aluminum and steel blanks, announced plans to locate its operations in Jeffersonville, IN, creating up to 105 new jobs by 2017.
“Indiana has built a business climate designed to support development and encourage enterprise,” said Eric Doden, president of the Indiana Economic Development Corporation. “That very business climate is attracting companies from across the nation like DKP Indiana that recognize the Hoosier State as the best location available to put their growth plans in action. With lower expenses and the best workforce around, Indiana has earned its reputation as a state that works.”
The Diez Group and Steel Technologies LLC have announced a joint venture that included Kasle Metal Processing, which had operated in Jeffersonville since 2004. The Diez Group and Steel Technologies will invest $14.28 million to upgrade and expand the former Kasle Metal Processing facility at the Port of Indiana – Jeffersonville. DKP Indiana has already retained 71 former Kasle Metal Processing employees.
“We are very pleased to partner with Steel Technologies to expand this outstanding facility in Jeffersonville,” said April Diez, chairman of the Diez Group. “We appreciate the support of the state of Indiana, and we look forward to growing this facility. The area’s skilled workforce and central location will help the Diez Group and Steel Technologies combine their expertise to open new markets in the South and Midwest.”
The Diez Group, which is part of the Delaco Steel family of businesses, is based in Dearborn, MI and currently operates additional facilities in Michigan, New York and Tennessee. Louisville-based Steel Technologies, which is a joint venture between Nucor Corporation and Japan-based Mitsui & Co., is a flat-rolled steel processor with 25 company-owned and joint venture facilities across the United States, Canada and Mexico.
The Indiana Economic Development Corporation offered Delaco Steel Corporation up to $750,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans. The city of Jeffersonville will consider additional incentives at the request of One Southern Indiana.
“I want to thank the Diez Group and Steel Technologies for having confidence in our city,” said Jeffersonville Mayor Mike Moore. “Jeffersonville has become the destination place for growing businesses. The Diez Group’s and Steel Technologies’ partnership with DKP Indiana is further proof our business-friendly approach continues to pay dividends for our community.”