Japanese Steel Producer Coming to Shelbyville
SHELBYVILLE - The largest steel producer in Japan will is locating an operation in Shelbyville. Tokyo-based Nippon Steel & Sumitomo Metal Corp. will invest $50 million to build a 150,000 square-foot facility, a move that is expected to create up to 70 jobs by 2021.
The facility will be the home of NSSMC's new subsidiary Nippon Steel & Sumikin Cold Heading Wire Indiana Inc. The company will process cold heading steel wire that is used for fastener applications in the automotive industry.
"This facility is the first U.S. production plant for the NSSMC Bar & Wire Rod Unit, already operating in Thailand and China, and we are excited to be locating in Indiana," said Hideoki Kimura, president of Nippon Steel & Sumikin Cold Heading Wire Indiana. "High quality wire is essential to producing nuts, bolts and other fasteners used in cars and trucks to ensure the highest levels of safety. We chose Indiana and the Shelbyville community for this investment because of the central location, established manufacturing industry and the skilled workforce available."
The company broke ground Tuesday on the facility, which is expected to be fully operational by the spring of 2018. Hiring for administrative, customer service and sales positions is expected to begin in January and hiring for manufacturing positions is expected to begin in late 2017.
NSSMC already has three investments in Indiana, including Indiana Precision Forge, which is located near the site of the new NSCI facility in Shelbyville. The company also has Seymour Tubing Inc. and IN/Tek and IN/Kote in New Carlisle.
"This project is a great example of the success a community can realize when all of the partners are working together for a common good," said Shelbyville Mayor Tom DeBaun. "Shelby County Development Corporation, the city, the county and the state have all worked well together in this instance to bring another quality development and employment opportunities for the area residents. The investment in our community by NSCI is validation of the positive business climate in Shelby County."
The announcement is the latest in a string of Japanese companies creating jobs in Indiana. In March, Honda Manufacturing of Indiana announced a $50 million investment into its Greensburg plant and the addition of 100 jobs. NTN Driveshaft broke ground last year on a $130 million facility in Anderson that will bring more than 500 new jobs and Subaru of Indiana Automotive is expanding its Lafayette facility with plans to add more than 1,200 jobs.
The Indiana Economic Development Corp. says it has offered NSCI up to $475,000 in conditional tax credits and up to $140,000 in training grants based on the company's job creation plans. More incentives will be considered by the city of Shelbyville.