Steel Foundry in Greenfield

construction started

Indiana Yamaha Marine Precision Propellers Inc. is planning to construct a steel foundry on a 28-acre site in Greenfield. The project scope includes construction of a 50,000-sq-ft building and equipment foundations; purchase and erection of structural steel; and purchase, relocation and installation of overhead cranes, and shot blasting, casting and storage equipment. Equipment will be relocated from the company’s plant in Indianapolis. The facility will have the capacity to produce 120,000 steel investment castings for marine propellers per year. A construction firm will be selected from a predefined short list. Construction is expected to begin in early June 2019. The estimated EPC cost is $18 million. Future plans include construction of a 100,000-sq-ft building expansion and addition of grinding and finishing capabilities at the site. Yamaha Marine Precision Propellers Inc., 2427 N. Ritter Ave., Indianapolis, 46218. IR#IN190405.