German Steelmaker Expanding In Indiana

TELL CITY, Ind. (AP) -- Indiana Governor Mitch Daniels has joined business officials to announce the expansion of a steel foundry in Tell City that's expected to create up to 160 jobs by the end of 2012.

A unit of the German steelmaker ThyssenKrupp AG said Tuesday it will invest $36.5 million in equipment to expand capacity at the 480,000 square-foot plant. It's about 130 miles south-southwest of Indianapolis.

The plant opened in 1997. It's part of the company's Marinette, Wis., based unit ThyssenKrupp Waupaca.

The Indiana Economic Development Corp. is providing up to $1.55 million in tax credits for the project.

Officials say hiring has started.

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