CHICAGO Cold Heading Co. plans to spend $5.15 million to expand its Hudson, Ind., plant and install new manufacturing equipment.
The Warren, Mich.-based producer of steel and alloy fasteners for automotive, agricultural and heavy construction applications told the Steuben County Economic Development Corp. that it will install the new machinery within the next few months and hire five additional workers.
Cold Heading, which also operates plants in Cleveland and Fremont, Ind., could not be reached for further comment.
The company purchased the existing 77,000-square-foot plant in Hudson in 1996 and established its Fremont plant, totaling 196,000 square feet, in 1998. The two plants employ 150 people in Steuben County.
The Hudson Town Council approved a 10-year property tax abatement for both the real estate improvements and the new machinery and equipment.