A wiring manufacturing plant in Franklin plans to expand, investing $5.5 million as it responds to potential growth in the electric vehicle sector. Our partners at the Daily Journal report the Essex Furukawa plant is requesting a $135,800 personal property tax abatement to facilitate the purchase of $3 million in manufacturing equipment.
The Georgia-based manufacturer says it wants to grow the plant to accommodate wiring demand for the growing electric vehicle manufacturing industry.
The publication says the expansion would add six new jobs but also help retain 68 current positions.
Essex Furukawa says it would invest $2.5 million to enlarge the building and spend $3 million on equipment. The plant is currently 68,000 square feet, but with its 41-acre site, there is plenty of room for growth.
The publication says the company is only seeking a personal property tax abatement from the Franklin City Council because the company applied for incentives after a building permit had already been granted for the expansion.
The company has produced wire in Franklin since 1993. It also has plants in Fort Wayne and Columbia City.