A United Kingdom-based manufacturer is planning to grow its presence in Washington County. GKN Sinter Metals LLC, which supplies components to the automotive industry, says it will invest nearly $7 million into equipment and improvements at its Salem facility. Plans call for 24 additional jobs over the next three years.
GKN Sinter Metals, a subsidiary of GKN America Corp., currently employs more than 400 Hoosiers. The average salaries of the new jobs are expected to be 20 percent higher than the county average.
Plant Manager Jai Perumal says "in order to continue increasing our sales, it’s important for us to expand our product offering as customer demands change. In order to exceed our customers’ expectations, we want to continue investing in equipment and technology that results in quality products. As a leader in both the manufacturing and automotive industry, Indiana continues to be a great place for GKN to grow its footprint."
The expansion will allow the company to increase production of eight-speed and 10-speed transmissions. A first phase of upgraded equipment is already in place, with the second phase set to start next year.
GKN has been offered a total of up to $150,000 in conditional tax credits and training grants from the Indiana Economic Development Corp., as well as incentives from the city of Salem and Radius Indiana’s Regional Impact Fund.
The company has 30 facilities throughout the world, including operations in Germany, Italy, South Africa, Canada, China and Brazil.