Japan-Based Aisin Drivetrain Expands Crothersville, Indiana, Plant
The company, which is a subsidiary of Aisin Corporation, will invest more than $55 million to expand its 353,799-square-foot manufacturing operations at 1001 Industrial Way. The expansion will support Aisin’s initiative to accelerate the electrification of vehicles to enhance fuel efficiency and reduce carbon emissions as steps to improve the environment.
"ADI is proud to be an active member of the Crothersville community and appreciates the continued support from Jason Hillenburg and the town of Crothersville," said Scott Shade, president for Aisin Drivetrain. "We strive to provide a stable, competitive and comfortable workplace for our members while providing our customers with 'best in class' products."
Based on the company’s job creation plans, the Indiana Economic Development Corporation committed an investment in Aisin Drivetrain Inc. of up to $1.4 million in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The town of Crothersville approved additional incentives.
"Companies like Aisin Drivetrain continue to drive our mission of bringing Indiana to the world and the world to Indiana," said Governor Eric J. Holcomb. "We're committed to providing the best business environment and high-quality talent pool to ensure the company’s growth here for generations to come."
Aisin Corporation employs more than 120,000 associates worldwide, including 422 in Indiana at its Crothersville facility, and is hiring for manufacturing, quality, logistics and professional positions.
ADI, which manufactures automotive components and systems such as industrial transmissions, commercial transmissions and power steering columns, will renovate and purchase new equipment in order to accommodate design changes for the Toyota Large Capacity Hybrid electric rear axle assembly (e-Four) and electric water pump (EWP).
2022 Top States for Doing Business Provide an Environment for Business Growth
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
How Are Economic Developers Partnering to Solve Workforce Challenges?
Three Big Challenges Facing the Food & Beverage Industry
Fixing the Supply Chain with AI and Robotics
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns