Greenville Technology, Inc., one of Honda's largest suppliers of plastics components in North America, plans to invest more than $21 million on a 150,000-square-foot manufacturing plant in Anderson, Indiana, creating up to 325 new jobs.
GTI, which designs and manufactures a variety of interior and exterior components for the automobile industry, will invest $21.37 million to construct and equip an injection molding and assembly facility on a 25-acre parcel in Anderson's Flagship Certified Technology Park. The plant will begin production in January 2013. The new facility is projected to produce 500,000 finished goods by the end of its first year of operations.
"We knew that Honda coming to Indiana would trigger a host of other new jobs and today is the latest of many examples," said Gov. Mitch Daniels. The company, which currently has 840 employees in Ohio, has already begun the process to hire management, technical and operator associates for the Anderson facility.
"This new plant is needed due to capacity limitations and a tight labor market in Greenville, Ohio," said Bill LaFramboise, executive vice president of GTI. "It will also provide us with improved efficiencies and flexibilities to meet our customer's needs. We chose Indiana, and specifically Anderson, because of the availability of a good site, cooperative government and a plentiful workforce."
GTI, a subsidiary of Tokyo-based Moriroku Technology, is based in Greenville, Ohio where it produces more than 2 million automobile components a month primarily for the Honda Accord, CRV, Civic and Acura.
As an incentive, the Indiana Economic Development Corporation will provide up to $1,725,000 in conditional tax credits and up to $100,000 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. The city of Anderson also granted additional financial incentives.
"We welcome Moriroku Technology to Anderson," said Anderson Mayor Kevin S. Smith. "Moriroku and GTI manufacture superior products for motorized vehicles. Anderson has found a new global friendship."