New TechTop Logistics Center Open For Business
Techtop is a joint venture between Indiana-based LHP Technologies and China-based Shanghai Top Motor and Simo Motor. The facility, a manufacturing and distribution center for electric motors, pumps and generators, was announced in 2008.
Techtop LHP has hired nine associates and plans to continue adding new employees over the next three years as it ramps up its assembly and manufacturing operations.
The company exports products to the Middle East, Africa and Europe as well as in the Chinese market.
"In order to become recognized as a truly global company, we must have a significant presence in the U.S. marketplace," said Lin Yin, chairman of Shanghai Top Motor and Techtop LHP.
Headquartered in Atlanta, Techtop is the U.S. subsidiary of Shanghai, China-based Shanghai Top Motor, which sells its line of pumps and motors in more than 40 countries.
In related economic development news a central Indiana county is getting close to approving $13 million in incentives as a way to entice a solar panel maker to take over a sprawling factory once destined to be a Chrysler supplier facility.
The new factory could bring 850 jobs.
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