Morristown Expansion Project Complete

Posted: Updated:
MORRISTOWN -

The major expansion of a Morristown manufacturing plant is complete. Officials from Michigan-based Freudenberg-NOK Sealing Technologies will be joined Wednesday afternoon by Lieutenant Governor Eric Holcomb to celebrate the $20 million project, which is expected to create up to 75 jobs by 2019.

Freudenberg-NOK has added 20,000 square feet to its original 65,000 square-foot facility, which the company says will allow operations to grow by 40 percent over the next five years. The Indiana Economic Development Corp. says the company, which provides custom sealing technologies for the automotive industry, produces more than 100 million components at the Morristown plant.

Freudenberg-NOK is a joint venture between Germany-based Freudenberg and Co. and NOK Corp. in Japan and has 23 facilities throughout the country. The event celebrating the expansion is scheduled for 2:00 p.m. Wednesday.

The expansion was announced last year and has since been followed by more major economic development announcements. In March, Krone North America announced plans to move its headquarters from Memphis, Tennessee to Shelbyville and create more than 100 jobs. In June, Japan's largest steel producer, Nippon Steel, announced a partnership with Sumitomo Metal Corp. to build a $50 million plant that is expected to create up to 70 jobs over the next five years. 

In July, another Japan-based company, Ryobi Limited, announced plans to invest nearly $100 million to expand its Shelbyville operations, creating up to 150 jobs by 2018. In an interview on Inside INdiana Business in July, Shelby County Development Corp. Executive Director Brian Asher told Gerry Dick the influx of investment is the result of a team effort. 

You can view the interview with Brian Asher in the video above.

  • Perspectives

    • Want to Lower Your Medicare Premiums?

      If you’re nearing retirement age, health insurance and Medicare are probably on your mind as well. Do you understand how Medicare works and how the monthly premium is determined? You need to be in the know to avoid making costly mistakes. Here are some tips for potentially lowering your Medicare premiums.

    More

Events



  • Most Popular Stories

    • Photo courtesy of Key Detail

      Internationally-Known Artists to Paint Greencastle Mural

      Key Detail, an internationally known mural artist, has been selected to create one of Indiana’s largest murals on four large grain silos at the corner of Veterans Memorial Highway and U.S. 231 in Greencastle. The Putnam County Mural Project received more than 70 applications from muralists worldwide for the project, which is a canvas of up to 8,000-square-feet and a primary gateway for Greencastle.  

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • (image courtesy of BHI Senior Living)

      Officials to Break Ground on Senior Community

      An Indianapolis-based developer of senior living communities is breaking ground Wednesday on a $20 million expansion project of its Hoosier Village. BHI Senior Living executives, along with Zionsville city leaders, will toss a ceremonial shovel of dirt on the addition of the existing 300-acre campus.

    • The Honda Greensburg plant opened in 2008.

      Honda to Invest $4M, Add Jobs at Greensburg Plant

      The American Honda Motor Co. continues to invest in its Greensburg, Indiana plant as it has announced the factory will be producing the company’s first electrified sport utility vehicle in the U.S. The company says it will invest more than $4 million and add 34 new jobs in the plant to support production of the CR-V Hybrid.  

    • (photo courtesy of The Times of Northwest Indiana)

      Historic Hospital to be Torn Down in Gary

      A building that once represented the racial divide in the city of Gary, but long provided health care to the African American community, will soon fall to a wrecking ball. The city says it intends to raze the long-abandoned St. John’s Hospital.