Investors in a startup company that will manufacture insulated wire and cable announced that they plan to launch operations in Marshall County, Indiana.

Per a report by Inside Indiana Business, the Indiana Economic Development Corp. said that the business, Sequel Wire and Cable LLC (Sequel), plans to begin operations early next year at the 50,000-sq-ft Argos Manufacturing Center in Argos.

The release cited Sequel co-founder James Merritt as saying that its long-term goal is to expand the new facility, tripling its size, with a total investment of some $54 million. The project is expected to create as many as 120 jobs by the end of 2024. Sequel will focus on using new technologies. It expects to have 26 employees by the end of 2020, adding more as the expansion is completed.