Columbus-based NTN Driveshaft Inc. has broken ground on a manufacturing plant in Anderson that is expected to ultimately create more than 500 jobs. The company says it will begin hiring production, engineering and maintenance associates in March. NTN plans to invest about $130 million in the facility, which is expected to be operational by April 2017.
The company, which is a U.S. subsidiary of Japan-based NTN Corp., has more than 1,500 workers in Columbus. The manufacturer says it has run out of space in Bartholomew County. NTN says the new plant will enable it to increase production of drive shafts.
The Indiana Economic Development Corp. offered NTN Driveshaft up to $5 million in conditional tax credits and training grants based on the job creation plans. The city of Anderson has approved additional incentives.
Governor Mike Pence, who took part in this morning’s groundbreaking, says the announcement "further solidifies Indiana as the best state in the nation for business and for advanced manufacturing." NTN previously told Inside INdiana Business it had also considered a location in Georgia for the expansion.
NTN says the new jobs could average $46,000 per year.
Indiana Secretary of Commerce Victor Smith says a recent economic development trip to Japan helped secure the expansion for Indiana. He says more than 250 Japan-owned companies do business in Indiana, supporting more than 52,000 jobs. Indiana Packers Corp., Toyota Tsusho, Daiei and Subaru of Indiana Automotive have also announced expansion plans in recent months.
Indiana Secretary of Commerce Victor Smith says a recent trip to Japan helped secure the expansion for Indiana.