NTN Driveshaft Proposing $90M Expansion
COLUMBUS - NTN Driveshaft Inc. in Columbus is planning a $90 million expansion. In a tax abatement request with the Bartholomew County city, the automotive component supplier said the investment will lead to 74 new jobs and help retain a current full-time workforce of nearly 1,600.
NTN Driveshaft is one of the largest employers in Columbus and last year, it opened a more than $140 million facility in Anderson. It launched operations in Bartholomew County in 1989 and says the planned investment will boost forging and production capacity. The new jobs are expected to pay an average of more than $17 per hour and the expansion is slated to be complete by the end of 2020. NTN Driveshaft is requesting a 10-year tax abatement that would save it more than $3.1 million.
The tax abatement request is scheduled to go Tuesday before the City Council.