TOA (USA) LLC, a metal stamping and automotive suspension parts manufacturer, will invest $72.1 million to expand its operations in Mooresville, Indiana, creating up to 220 new jobs by 2015.
The company, which is a subsidiary of Japan-based TOA Industries Co., Ltd., will construct and equip an additional 360,000 square-feet of manufacturing and warehouse space at its current Mooresville facility. With the expansion expected to be complete in three phases, the first phase will be operational by the end of this year.
“We’ve enjoyed building a great relationship with the town of Mooresville and with Indiana,” said company CEO Shinichi Iizuka. “We take great pride in being able to bring forward the investments that will in turn bring economic opportunities to the community.”
Founded in 2000, the manufacturer’s Mooresville facility is the company’s first and only auto-parts manufacturing plant in the United States. Its customers include Subaru of Indiana Automotive in Lafayette, Indiana, and Toyota Motor Manufacturing North America in Princeton, Indiana, TOA (USA), which has more than 460 full-time employees in Indiana, is currently hiring for robotics, engineering and electrician positions.
Governor Mike Pence said, “Announcements like today continue to reaffirm that our jobs mission to Japan was well worth the effort. During that trip, we not only deepened Indiana’s bond with Japanese companies like TOA, but also learned how Indiana can build upon its position as a state that works for international investment, fostering continual growth for our expansive network of Japanese automotive manufacturers and their suppliers.”
The Indiana Economic Development Corporation will provide Morgan County with up to $390,000 in infrastructure assistance from the state's Industrial Development Grant Fund. In addition, the town of Mooresville offered additional tax abatement and the Mooresville Redevelopment Commission offered additional workforce training incentives at the request of the Morgan County Economic Development Corporation.
“I was fortunate enough to be the town council president when TOA (USA) decided to locate in Mooresville and I’m thrilled to see their growth,” said Mark Mathis, Mooresville Town Council President. “We’re happy they made the decision to make our town home, as they have been great corporate partners.”