Sunright America, Inc., a Japanese manufacturer of automotive fasteners, has announced it will expand its 170,000-sq.-ft. building in Columbus, IN, and add up to 100 jobs by 2014. Construction and installation of new manufacturing equipment starts this fall. The company presently employs 93 workers.
Incorporated in Indiana in 2002, Sunright primarily manufactures weld nuts and flange nuts, and supplies its products to nearly 80 customers (including Toyota and Hino). Sunright expanded and moved to its current Columbus location in 2008. Its parent company - Sugiura Seisakusho Co., Ltd. - is located in Aichi, Japan.
The Indiana Economic Development Corporation offered Sunright up to $550,000 in performance-based tax credits and up to $200,000 in training grants based on the company's job creation plans. The city of Columbus will consider additional property tax abatement at the request of the Columbus Economic Development Board.
Since the beginning of 2011, five Japanese firms have made plans to locate or expand in the Hoosier state. They bring over 240 projected new jobs and more than $68 million in investment.