A Japanese steel tubing maker is expanding operations in southern Indiana. Seymour Tubing Inc. says it will create more than 20 jobs by 2015. August 20, 2014
SEYMOUR, Ind. — Seymour Tubing, Inc., a manufacturer of automotive carbon and stainless steel tubing components, announced plans today to expand its operations here, creating up to 22 new jobs by 2015.
The company, which is a subsidiary of Japan-based Nippon Steel & Sumikin Pipe Co., Ltd, will invest $2.44 million to equip its 432,000 square-foot facility at 1515 E. 4th Street in Seymour, bringing in new high-speed cutting equipment and additional processing equipment, which will be installed by December. With its growth, the company plans to expand its automotive customer base and increase business with current customers.
“Companies like Seymour Tubing thrive with a team of Hoosiers—a team that is knowledgeable, trained and experienced. Combine that with Indiana’s affordability, low taxes and great location, and it is clear why Seymour Tubing continues to choose Indiana out of a world of options for its business,” said Victor Smith, Indiana Secretary of Commerce.
Seymour Tubing, which currently employs more than 400 full-time Indiana associates, announced plans in 2012 to create 18 new jobs at its Seymour operations by 2014. The company has more than doubled that goal and has already begun hiring for production positions.
“Seymour Tubing chose to continue the growth of the Seymour operation because of the high quality of employees that the community provides,” said Yuji Oda, executive vice president and secretary of Seymour Tubing. “The company greatly appreciates the support we receive from the state of Indiana and the city of Seymour. This support is an excellent example of how the state of Indiana and the local governments work in partnership with manufacturing organizations to provide continued growth and opportunities for both the companies and the people of Indiana.”
Founded in 1989, Seymour Tubing manufactures steel tubing in various thicknesses, diameters, lengths and styles, which are used in various components for automobiles. Serving tier 1 and tier 2 automotive suppliers, the company is ISO 9001 certified. In April 2014, Seymour Tubing celebrated its 25th anniversary and has experienced sustained growth in sales and employment since its founding.
The Indiana Economic Development Corporation offered Seymour Tubing, Inc. up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Seymour approved additional incentives at the request of the Jackson County Industrial Development Corporation.
“The decision by Seymour Tubing to expand and add to their workforce is great news for our community,” said Seymour Mayor Craig Luedeman. “They continue to be one of our great partners in helping Seymour grow and prosper.”
Japan-based automotive suppliers continue to find success in Indiana. Earlier this month, Aisin Chemical Indiana broke ground on a 100,000 square-foot transmission component plant in Jackson County, while Aisin Drivetrain plans to renovate its current 350,000 square-foot facility, adding manufacturing volume for a six speed automatic transmission. Together, the companies plan to invest $45.35 into their Jackson County operations and create more than 70 new jobs for Hoosier in the coming years.
About Seymour Tubing
Seymour Tubing, Inc. manufactures carbon and stainless steel tubing components used by carmakers. The company has been a quality supplier of tubing to the automotive industry for over 24 years.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corp.