updated: 4/4/2006 12:29:15 PM

Nishikawa Standard May Consolidate Northern Indiana Plants

InsideIndianaBusiness.com Report

Nishikawa Standard Co., a joint venture between Nishikawa Rubber Co. and Cooper Standard Automotive, says is considering consolidating its New Haven operations into its other northern Indiana plants in Bremen and Topeka.

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The company says it is reviewing several options that could provide opportunities with the company for the 415 workers at the New Haven facility. Last week, Nishikawa announced that a tax abatement will allow it to expand its Topeka operations and create 143 new jobs.

Source: Inside INdiana Business

Press Release

NEW HAVEN, Ind. (April 4, 2006) — Nishikawa Standard Company (NISCO) – a joint venture between Nishikawa Rubber Company and Cooper Standard Automotive and a supplier of weather stripping products to the automotive market – currently operates three plants in Northeast Indiana. Those facilities are located in Bremen, New Haven and Topeka, Indiana. NISCO is currently working through plans to consolidate its operations over the next 12 to 18 months. While plans are still being finalized, consolidation of much of the company’s operations into the Bremen and Topeka plants is the major focus of this effort. In an effort to keep as much employment in Northeast Indiana as possible, this plan was recently approved by officials for both partners in the joint venture. At the same time, the company wants to retain as many workers as possible, including the majority of its 415-person workforce in New Haven. Therefore, over the next several weeks, alternate scenarios are being evaluated to maximize the opportunity for New Haven-based workers to stay with the company. NISCO, City of New Haven, Fort Wayne-Allen County Economic Development Alliance and Indiana Economic Development Corporation representatives are actively engaged in ongoing discussions. No other information regarding this situation is able to be released at this time. “These are challenging times in the automotive business,” said Mike Talaga, vice president and general manager of NISCO. “We have worked hard to keep jobs in Indiana, and we are committed to finding the best case scenario for all involved.” “While we regret this situation we appreciate NISCO’s efforts to keep and grow their business in Northeast Indiana,” stated New Haven Mayor Terry McDonald. “We are hard at work on plans to keep as many New Haven-based workers as possible employed with the company and we expect to be able to share more information in the next few weeks.” NISCO has stated that while some current operations will phase out, new business that will launch in 2006 and 2007 will result in a slight net gain in overall company employment. The consolidation will allow NISCO to improve its overall cost structure while adding new business in an increasingly competitive global marketplace. The consolidation is also resulting in an expansion of the company’s Topeka facility.

Source: Fort Wayne-Allen County Economic Development Alliance

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