Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew
Inward Investment Guides

Aisin Chemical Indiana and Aisin Drivetrain Plan $45.35 Million Facilities Expansion In Crothersville, Indiana

Area Development Online News Desk (05/07/2014)
Aisin Chemical Indiana and Aisin Drivetrain, Inc., suppliers to the automotive and industrial equipment industries, will invest $45.35 million to expand their operations in Crothersville, Indiana.

“Aisin Drivetrain and Aisin Chemical Indiana are very excited to announce our business expansions here in the state of Indiana,” said Scott Turpin, President of Aisin Drivetrain. “Aisin continues to expand its business in Indiana to take advantage of the high skill workforce and business friendly environment Indiana has to offer. In addition, Indiana is centrally located to supply Aisin’s North American customers.”

Aisin Chemical Indiana, which produces sound dampening material as well as transmission clutch and brake plates for the automotive industry, plans to construct and equip a 100,000 square-foot transmission component plant adjacent to its current facility, doubling its size at the Crothersville Industrial Park. The plant, which will start construction this year with plans to begin operations next year, will produce friction disc plates.

A manufacturer of industrial transmissions, commercial transmissions and power steering columns, supplying automotive and heavy equipment companies, Aisin Drivetrain, plans to renovate and equip its current 350,000 square-foot facility, adding manufacturing volume for a six speed automatic transmission for the mid- to heavy-duty truck market in 2015, with plans to produce 20,500 transmissions per year.

The companies, which are subsidiaries of Seymour, Indiana, based Aisin Holdings of America and Japan-based Aisin Group Companies, plan to create up to 74 jobs by 2016. Aisin, which currently employs more than 88,000 employees worldwide, including 3,000 in Indiana, plans to begin hiring for manufacturing and technical positions starting in June.

“Meeting in Japan with Aisin’s leadership last year, it was clear that big things were in store for this company in Indiana,” said Governor Mike Pence. “As part of our jobs mission to Japan, I heard directly from executives that Indiana offers what they need to succeed—a business environment that offers low taxes, limited red tape and the best manufacturing workforce around. You’ll find Japanese companies dotted in all corners of Indiana, energizing our state, its economy and creating countless Hoosier jobs.”

As an incentive, Indiana Economic Development Corporation will provide the town of Crothersville with up to $835,000 in infrastructure assistance from the state's Industrial Development Grant Fund. The town of Crothersville approved additional tax abatement at the request of the Jackson County Industrial Development Corporation.

Article Discussion

Share