NTN USA, Inc., a subsidiary of NTN Corporation, a Japan-based multinational corporation, has filed the necessary paperwork for property tax abatements to support a new production facility in Anderson, Indiana.
The City Economic Development Interim Director Greg Winkler is guiding the company through the approval process this week that has included the preliminary vote from the Anderson City Council votes on July 9, 2015. The Plan Commission and the Redevelopment Commission have both approved parts of the NTN project.
“We are now attracting the attention of multi-billion dollar international companies like NTN USA,” stated Mayor Kevin S. Smith. “Our global marketing efforts are paying off and we will continue to work hard to bring well-paying jobs and opportunities to the residents of Anderson.”
After obtaining the necessary approvals, NTN USA, Inc. plan on building a 325,000 square foot manufacturing facility to respond to increased demand for their Constant Velocity Joints (CVJs).
NTN Driveshaft is an award –winning environmentally friendly company. This would be the largest job and investment announcement in Anderson since the arrival of Nestle and would continue the stream of companies, domestic and international, which have chosen to invest in Anderson.
Founded in 1918, NTN Corporation is a multi-billion dollar company based in Japan with over 23,000 employees located throughout the world including the NTN Driveshaft manufacturing facility in Columbus, Indiana. The company manufactures Constant Velocity Joints (CVJs) for Honda, Ford, Toyota, GM, FCA and most other automotive OEMs.
Building - $27,850,000
Equipment - $100,000,000
Average Hourly Wage: $16.00
Facility: 325,000 square foot manufacturing facility