Superior Essex will invest almost $2.4 million in new magnet wire production equipment, which includes an oven, plant manager Jesse James said Friday.
The company will also create add 20 new jobs.
The Atlanta-based company has applied for a 10-year tax abatement on the equipment.
Magnet wire is used in motors, generators, transformers – anything that uses electricity.
The plant at 800 W. Mitchell St., Kendallville, now employs 61.
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