A supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets, Meritor, Inc., plans invest $1.4 million to consolidate its North American remanufacturing operations and create a center of excellence at its 275,300 square foot Plainfield, Indiana, campus.
The Troy, Michigan-based firm expects to create more than 80 jobs during the next two years and transfer production from Mississauga, Ontario, Canada to its Plainfield plant, at 849 Whitaker Road, by March 31, 2013.
Meritor, which currently employs more than 350 Hoosiers, will begin consolidating operations and hiring additional production and skilled trade associates this month. The company said it has already invested more than $8 million in process upgrades to its global operations in the past five years, including $2.7 million earlier this year in new equipment for its Plainfield, Indiana, plant which remanufactures commercial truck components while preserving raw materials.
"We believe this investment will help us improve efficiency while better serving our customers in today's competitive landscape," said Doug Wolma, general manager, Global Aftermarket Operations. "At the same time, this move will strengthen our global remanufacturing footprint."
“Companies continue to select Indiana as the best state to efficiently and successfully run their businesses,” said Governor Mitch Daniels. “Meritor joins a growing list of companies that have relocated and expanded in the Hoosier State. This is a testament to our hard work in creating the best business environment in the country.”
“The state of Indiana has developed an outstanding environment to establish and grow business for long-term vitality and success,” said Bill Statham, senior manager of Meritor’s North American remanufacturing operations. “We are proud of our investment in remanufacturing and look forward to a strong working relationship in the Plainfield community.”
As an incentive, the Indiana Economic Development Corporation offered Meritor Aftermarket USA, LLC up to $450,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the town of Plainfield will consider additional property tax abatement at the request of the Hendricks County Economic Development Partnership.
“We’re pleased that Meritor has decided to expand its operations in Plainfield,” said Robin Brandgard, president of the Plainfield Town Council. “Meritor’s decision to grow its Plainfield operations by nearly a third will add to Plainfield’s reputation for being one of the premiere sites for industrial and distribution centers. We currently have more than 28 million square feet under roof.”