NTN Driveshaft to Expand Columbus Operations
Resource from: mfrtech.com Likes:3034
Jun 13,2012
NTN Driveshaft, Inc., a division of Japan-based NTN Corporation, plans to expand its operations here, creating up to 50 new jobs by 2013.
NTN Driveshaft, which manufactures constant velocity joints for the automotive industry, will invest $18 million to purchase additional production equipment for its 1 million square-foot facility located at 8251 S. International Drive in Columbus. Installation of the new equipment will begin in the coming months.
The company, which currently has 1,544 full-time employees in Columbus, has already begun hiring additional engineering, production and maintenance associates.
"NTN Driveshaft is happy to continue our growth at our Columbus, Ind. location," said Barry Parkhurst, vice president of NTN Driveshaft. "Our customer demand continues to be strong and this additional investment in capital and training funds will help us meet these strong demands. Indiana's central location and well-rounded work force has allowed NTN Driveshaft to show continuous growth over the past 21 years."
Founded in 1918, NTN Driveshaft's parent company was established in Japan as a manufacturer of bearings. The company, which began operations in Columbus in 1990, manufactures parts for front-wheel, four-wheel and all-wheel drive cars and trucks.
The Indiana Economic Development Corporation (IEDC) offered NTN Driveshaft, Inc. up to $235,000 in conditional tax credits and up to $50,000 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 Columbus approved additional property tax abatement.
About NTN Driveshaft
Located in Woodside South Industrial Park, Columbus, Ind., NTN is currently dedicated to the production of constant velocity joints, for which demand is increasing. NTN has two main goals; first to completely satisfy customer needs through reliable quality, efficient production, and custom-tailored manufacturing and second, to establish a people-oriented environment of which employees and their families will be proud and which people in the community will favorably accept. NTN expects to contribute to the area's development and its customers by achieving these goals.
About IEDC
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
(mfrtech.com)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Previous SKF sees slightly weaker volume development in the second quarter and will reduce costs in Europe
Next Electro Static Technology introduced Kit that detects motor shaft voltages before they can damage bearings
Next Electro Static Technology introduced Kit that detects motor shaft voltages before they can damage bearings
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
