FCC (Indiana), an automatic transmission clutch manufacturer, plans to invest $15.48 million to expand its operations center, creating up to 57 new jobs by 2016 in Portland, Indiana.
The company, which sells to Honda, Fiat Chrysler Auto and ZF Group, will add 76,000 square feet to its existing 300,000 square-foot production space on its 63-acre campus in Portland. The new addition, which is expected to start construction this spring, will house three new 800 ton press lines and sanding lines for the production of transmission parts. The company, which employs 758 people in Portland, plans to begin hiring manufacturing, production and assembly associates this year.
Founded in 1988 as a subsidiary of FCC Co. Ltd., FCC (Indiana) produces automatic transmission clutch assemblies and components and torque converter lock-up clutch assemblies for the automotive industry. With 21 plants located throughout 10 countries, the company serves Honda Transmission Manufacturing of America, Honda Mfg. of Alabama, Honda of America Mfg., Inc., Honda Precision Parts of Georgia and Honda de Mexico.
“FCC is pleased to announce plans to expand its Portland facility,” said Satoshi Nakaya, President of FCC (Indiana). “The expansion is being developed to bring capacity up to customer demands and for potential new business.”
As an incentive, Indiana Economic Development Corporation offered FCC (Indiana), LLC up to $300,000 in conditional tax credits 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. The city of Portland will consider additional tax abatement at the request of the Jay County Development Corporation.
“Indiana is continuing to prove that it is the best place in the country to do business,” said Eric Doden, President of the Indiana Economic Development Corporation. “I know that FCC (Indiana) will find the skilled workforce and the pro-growth business environment that it is seeking in Indiana, giving it the resources to thrive in our state.”