Fort Wayne Metals, which produces precision wire, strands and cables for the medical device industry, will invest $51.1 million to expand its operations in Allen County, Indiana . The company plans to create up to 337 new jobs by 2021 in the Fort Wayne area.In order to meet growing demand for its products, Fort Wayne Metals plans to construct a two-story, 40,000-square-foot addition to their corporate office building at 9609 Ardmore Ave. and will also revitalize a 60,000-square-foot building at 4202 Piper Drive, which they recently purchased for expansion.With construction scheduled to begin in 2017, the project will increase the company's production capacity for precision wire and wire-based components for the medical device industry and other critical applications.“As we continue to be innovative leaders of life-saving, high-quality material solutions, we are experiencing a global increase in demand”, said Troy Linder CFO of Fort Wayne Metals. “Our investment in facilities and people will help build the infrastructure necessary to meet this demand, and we are excited to be able to partner with the IEDC and Greater Fort Wayne Inc. to continue to expand our footprint in Fort Wayne”.As an incentive, the Indiana Economic Development Corporation (IEDC) offered Fort Wayne Metals up to $84,000 in training grants and up to $3,449,000 in conditional tax credits based on the company’s job creation and investment plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. The city of Fort Wayne and Northeast Indiana Works will consider additional incentives at the request of Greater Fort Wayne Inc.Fort Wayne Metals currently employs more than 800 full-time associates at production facilities in Fort Wayne and Columbia City. The new jobs will be created in all areas of the business, including production and maintenance, business systems, thermal processing, statistical process control, regulatory compliance, production maintenance, environmental safety and more.“Indiana has earned a reputation as one of the world’s leading medical device hubs,” Governor Eric J. Holcomb said. “Every day, Hoosiers are at work developing new life-saving solutions, and I’m excited to see that trend continue with the growth of our life sciences sector and industry-leading firms like Fort Wayne Metals.”