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Gov. Mike Pence and officials from Shelbyville revealed plans for Nippon Steel & Sumitomo Metal Corporation (NSSMC) to establish operations in Shelbyville, creating up to 70 new jobs by 2021. The company is Japan's largest steel producer.

The company will establish Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. (NCSI), a wholly-owned subsidiary of NSSMC. The facility will process high-quality wire for the automotive industry. Plans call for a $50 million investment to construct and equip facilities at 400 Northbrook Drive.

According to president Hideoki Kimura, the company will process cold heading steel wire used for fastener applications by the automotive parts industry and will serve manufacturers in Indiana, Kentucky and Ohio. Officials expect the facility to be fully operational by spring 2018. “We chose Indiana and the Shelbyville community for this investment because of the central location, established manufacturing industry and the skilled workforce available,” said the president.