AUBURN HILLS, Mich.–(Small business WIRE)–Teijin Automotive Systems broke floor now to develop the capabilities at its Huntington, Indiana, facility, adding a topcoat line and assembly spot. These additions improve the capabilities of the company’s Huntington facility, which at the moment involve compression molding, bonding, water jetting, sanding, and priming.
Especially, Teijin Automotive Technologies obtained 30 acres in the new Riverfork West Industrial Center and will be setting up a 164,400 sq.-foot facility on this web site to property a new paint line and assembly abilities. This facility will be situated across Indiana Highway 9 from the company’s present 350,000 square-foot producing facility. The new facility is anticipated to be complete, together with all tools installation, by December 2023, and will make use of somewhere around 110 persons when operations get started in April 2024, and extra than 200 at whole employment.
“As demand from customers for our impressive, lightweight parts continues to increase, we have the possibility to incorporate capabilities and capability to meet present-day and upcoming customer requirements,” said Steve Rooney, Teijin Automotive Systems CEO, and common supervisor of Teijin’s Composites Small business Unit. “This website in close proximity to to our current Huntington facility designed sense mainly because there was land offered, and we realized we could access a competent workforce. We are grateful for the continued support and collaboration from the economic advancement groups from the Point out of Indiana, Huntington County, and the Huntington community.”
Teijin Automotive Systems and its guardian business Teijin Confined are building an financial commitment of additional than $100 million, which includes the land, making and tools, to aid future growth and manage its competitive gain. The Huntington place was picked for this growth dependent on a quantity of factors, together with the availability of a experienced workforce, proximity to a selection of existing and possible consumer facilities in Indiana and bordering states, and tax credits offered as a result of the Indiana Economic Development Corporation’s EDGE Program (Financial Enhancement for a Expanding Financial system).
About Teijin Automotive Technologies
Teijin Automotive Systems specializes in the advancement and manufacturing of state-of-the-art composite factors – which includes carbon and glass fiber – for the world wide automotive and transportation industries and is an integral aspect of the Teijin Group of companies. The company is a all over the world chief in composite formulations with a concentrate on supplying automakers with light-weight, durable goods that empower structure and packaging versatility. Headquartered in Auburn Hills, Mich., United states of america, Teijin Automotive Systems has 29 operations in 8 countries and employs extra than 5,000 men and women. For a lot more facts go to Teijinautomotive.com.
About the Teijin Group
Teijin (TSE: 3401) is a technological innovation-pushed international team providing state-of-the-art alternatives in the fields of environmental benefit basic safety, stability and catastrophe mitigation and demographic transform and elevated health and fitness consciousness. Initially set up as Japan’s first rayon company in 1918, Teijin has progressed into a unique enterprise encompassing a few main company domains: significant-effectiveness components like aramid, carbon fibers and composites, and also resin and plastic processing, films, polyester fibers and items changing health care like prescription drugs and dwelling health care equipment for bone/joint, respiratory and cardiovascular/metabolic health conditions, nursing care and pre-symptomatic health care and IT such as B2B answers for healthcare, corporate and community systems as effectively as packaged software program and B2C on the internet products and services for electronic amusement. Deeply committed to its stakeholders, as expressed in the brand name statement “Human Chemistry, Human Options,” Teijin aims to be a organization that supports the modern society of the upcoming. The group comprises far more than 170 providers and employs some 20,000 folks throughout 20 nations globally. Teijin posted consolidated income of JPY 836.5 billion (USD 7.7 billion) and total property of JPY 1,036.4 billion (USD 9.5 billion) in the fiscal yr that ended on March 31, 2021. For much more information and facts about the Teijin Group stop by Teijin.com.