A Japanese auto parts maker plans to establish its North American headquarters in Franklin, moving some of its operations from Illinois and adding 50 jobs over the next three years.
KYB Manufacturing North America Inc. expects to invest $6.4 million to add warehouse and distribution facilities to its existing 51-acre campus in Johnson County. The company makes shocks and struts for automakers and after-market uses.
The size of its current local work force was not immediately available.
Indiana Economic Development Corp. offered KYB Manufacturing as much as $300,000 in performance-based tax credits and up to $90,000 in training grants based on its job-creation plans.
Up to $50,000 from the state's Industrial Development Grant Fund will be made available to the city of Franklin for off-site infrastructure improvements. City officials also will ask the Franklin Redevelopment Commission to create a tax increment financing district that includes the property.
A subsidiary of Tokyo-based KYB Corp., the company plans to begin hiring manufacturing, warehouse and administrative associates this year. Next month, the central Indiana operation will be renamed KYB Americas Corp.