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Japanese auto supplier adding 103 jobs in Columbus

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A Japanese manufacturer of automotive nuts, bolts and specialty fasteners said Friday that it plans to expand its operations in Columbus, creating up to 103 jobs by 2016.

Sunright America Inc., a subsidiary of Japan-based Sugiura Seisakusho Co. Ltd., plans to invest $35 million to build and equip two additional facilities on its 33-acre campus at the Northwest Industrial Park in Columbus.

The new facilities will be 176,000 square feet and 160,000 square feet. They will stand stand next to the company's existing 322,000-square-foot facility.

This is the third major expansion for Sunright in Columbus since 2008, when the company added 45 jobs. In 2011, it added another 100.

"When we witness companies like Sunright repeatedly grow in the Hoosier State, it further validates that Indiana is a state that works for business," Gov. Mike Pence said in a statement.

Sunright primarily manufactures weld nuts and flange nuts. The company is a supplier to Toyota, and its Columbus facility produces more than 5 million pieces per day for the automaker.

Sunright plans to begin hiring additional manufacturing workers, engineers, supervisors and managers this fall.

The Indiana Economic Development Corp. offered Sunright up to $700,000 in performance-based tax credits based on the company's job-creation plans. The city of Columbus will consider additional property tax abatement.

 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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