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It is reported that NLMK Indiana, a Northwest Indiana based producer of steel bands, plans to use grants from the state's economic development arm to expand skills training for its 300 person workforce and to hire as many as 36 new employees by 2013.
The Indiana Economic Development Corporation said that NLMK also has plans to invest several million dollars toward equipment and machinery upgrades at the Portage facility.
Established in 1992 as Beta Steel Corp, the company was acquired by Russia based Novolipetsk Steel, in 2008 and officially changed its name to NLMK Indiana in July 2010.
IEDC said that it offered NLMK Indiana up to USD 181,500 in training grants based on the company's job creation plans.
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