Manufacturer Growing in ElwoodPosted: Updated:
Officials from the city of Elwood and ELSA Corp. have broken ground on a $42 million expansion. The automotive supplier, a subsidiary of Japan-based Sakamoto Corp., plans to add more than 50 jobs as part of its growth in the city. October 20, 2014
ELWOOD, Ind. (October 17, 2014) - Today ELSA Corporation broke ground on a 131,000 square foot expansion of their Elwood Indiana facility. ELSA Corporation will be investing $42 million in the expansion which when completed will create 54 jobs.
Below is the text of Mayor Ron Arnold’s remarks at the ELSA Corporation groundbreaking:
"I am honored and extremely pleased to be here this afternoon for the groundbreaking of ELSA's new expansion.
This is a very important event for our community, and I want to thank ELSA, and its parent company, Sakamoto Corporation, for renewing its commitment to Elwood and its citizens. The $42 million investment to build a 131,000 square foot addition to the ELSA facility and to hire 54 additional employees is a tremendous boost to our city. Thank you very much!
In 2012 I was the first Mayor of Elwood to make a business trip to Japan, and I did so with the main goal of visiting the Sakamoto Corporation to express my personal thanks to the company for all it has done for our community over the years. I returned to Japan in 2013 to once again visit the parent company in Ohta City to express my personal interest and support for the firm to place future investments back in Elwood.
On each of those trips I was warmly received by the Sakamoto family, and had the chance to get to know the Sakamoto brothers, Masataka and Kiyokazu, their wives, and their father. They extended terrific hospitality to me both times, and I look forward to trying to show them similar kindness on their future visits to Elwood.
Again, thank you Sakamoto Corporation and ELSA for this very important investment in our community!"
Source: The City of Elwood