Auto Parts Maker to Invest $55M, Add Staff
(photo courtesy of Aisin Drivetrain)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAuto parts maker Aisin Drivetrain Inc. says it will invest $55 million to expand and upgrade its manufacturing plant in the Jackson County town of Crothersville. The Japan-based company says the investment will result in the creation of 141 new jobs by the end of 2024.
The company says the expansion will support Aisin’s plans to accelerate the production of electric vehicles. The manufacturer produces transmissions and power steering columns. Aisin says the improvements will accommodate design changes for the Toyota large capacity hybrid electric vehicles.
The Indiana Economic Development Corp. says it is committing up to $1.4 million in tax credits, based on the job creation plans. The IEDC says the town of Crothersville also approved additional incentives.
“This is tremendous news for the Crothersville community,” said Crothersville Town Council President Jason Hillenburg. “We are excited and gratified that ADI has chosen to expand and grow its business here. For nearly 25 years, we have partnered with the Aisin companies in our community, and it is gratifying to see that partnership continue to grow, producing jobs and quality Aisin automotive products.”
The company currently 422 workers at the Crothersville plant.