Clutch maker to expand in Indiana
Resource from: AGRINEWS Likes:175
May 20,2015
PORTLAND, Ind. — FCC (Indiana) LLC, an automatic transmission clutch manufacturer, announced plans to expand its operations here, creating up to 57 new jobs by 2016.
The company, which sells to Honda, Fiat Chrysler Auto and ZF Group, will invest $15.48 million to add 76,000 square feet to its existing 300,000-square-foot production space on its 63-acre campus in Portland. The new addition, which is expected to start construction this spring, will house three new 800-ton press lines and sanding lines for the production of transmission parts.
The company, which employs 758 people in Portland, plans to begin hiring manufacturing, production and assembly associates this year. Interested applicants can apply by visiting the Portland WorkOne office.
“FCC (Indiana) is pleased to announce plans to expand its Portland facility,” said Satoshi Nakaya, president of FCC (Indiana). “The expansion is being developed to bring capacity up to customer demands and for potential new business.”
Founded in 1988 as a subsidiary of FCC Co. Ltd., FCC (Indiana) produces automatic transmission clutch assemblies and components and torque converter lock-up clutch assemblies for the automotive industry.
With 21 plants located throughout 10 countries, the company serves Honda Transmission Manufacturing of America, Honda Mfg. of Alabama, Honda of America Mfg. Inc., Honda Precision Parts of Georgia and Honda de Mexico.
The Indiana Economic Development Corp. offered FCC (Indiana) up to $300,000 in conditional tax credits 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 Portland will consider additional tax abatement at the request of the Jay County Development Corp.
(AGRINEWS)
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