INOX Market Service will invest $15 million to establish its North American headquarters in Delaware County, IN, creating up to 101 jobs by the end of 2024. The Padua, Italy-based company, which has operations in Europe, Mexico and India, will launch INOX Market North America (IMNA) and construct and equip a 139,800-square-foot facility in Muncie.

The new facility will allow INOX to expand its stainless steel slitting and forming operations, while growing customer demand in the home appliance, elevator and escalator, and industrial sectors. Construction is slated to begin this summer, and the company expects to start production in spring 2021 and reach full operational capacity by 2022.