Japan-Based Gecom Expands Production In Greensburg, Indiana
The company, which is a subsidiary of Japan-based Mitsui Kinzoku ACT, will invest $26.29 million into its only U.S. production facility, launching three new manufacturing lines at its 403,550-square-foot plant at 1025 Barachel Lane in Greensburg.
“Greensburg, Indiana, was selected as a manufacturing location in 1987 based on the proximity to most of our customers. The point remains true today,” said Jeff Wright, vice president and chief compliance officer at GECOM. “Our customers appreciate seeing GECOM’s commitment to stay in Indiana and the benefits it provides them. Additionally, the local Hoosier workforce is dedicated to GECOM’s success and work hard to maintain our reputation of quality automotive products at a competitive price. We look forward to this new business opportunity as we continue to support our local community.”
With construction currently underway, the company plans for the first of its new lines to be operational later this year, with the remaining two lines starting production in 2019. With its new capacity, the company will boost production of slide door locks for Honda and Chrysler and hood latches for Nissan, Toyota and Subaru.
As an incentive, the Indiana Economic Development Corporation offered GECOM Corporation up to $280,000 in conditional tax credits based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Greensburg approved additional incentives at the request of the Greensburg-Decatur County Economic Development Corporation.
GECOM currently employs 900 associates in Greensburg as part of its global network of more than 6,300 employees. The company is currently hiring, and plans to add 10 new research and development positions and 20 new production positions as part of its growth.
“With companies like Japan-based GECOM continuing to expand in our state, there’s a reason why Indiana is adding manufacturing jobs at the second-fastest rate in the nation,” said Jim Schellinger, Indiana Secretary of Commerce. “Indiana’s automotive suppliers are operating in the center of a global economy. We have companies choosing to come to Indiana from around the world, locating here because of our state’s business-friendly environment, low taxes and outstanding workforce.”
"We are excited for GECOM in this expansion," said Greensburg Mayor Dan Manus. "GECOM has been in Greensburg now for 30 years and to have a company continue to grow and expand after that amount of time is a very positive thing for our community. We truly appreciate our GECOM family and what they do for our community and we will continue to support them in this expansion and any future expansions."
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