KOKOMO, Ind. (AP) — Haynes International plans a $24 million project to increase production at a central Indiana factory where it makes specialty metal plates and sheets for the aerospace and other industries.

Haynes CEO Mark Comerford says the investment will add about 20 percent to the Kokomo factory’s capacity and improve its product quality. The Kokomo-based company makes nickel- and cobalt-based alloys for use in many industrial applications.