IBJNews

Manufacturer plans $30.2M expansion in Franklin

Back to TopCommentsE-mailPrintBookmark and Share

Two subsidiaries of Japan-based NSK Ltd. plan to spend $30.2 million to expand their manufacturing operations in Franklin, the company announced Friday.

NSK Corp. and NSK Precision America Inc. said the project will allow them to hire 46 additional workers by 2016 at their 63-acre corporate campus.

The companies manufacture and supply roller bearings, ball bearings, precision-ground ball screws and other automotive components for the industrial and automotive industries.

The subsidiaries already have 400 full-time employees in Franklin and more than 2,400 employees nationally.
 
NSK said it equip and renovate a 160,000-square-foot facility and a 75,000-square-foot building, allowing it to improve production with additional taper-rolling bearing lines and linear-motion equipment.

The Indiana Economic Development Corp. offered the company up to $225,000 in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. The city of Franklin will consider additional tax abatement at the request of the Johnson County Development Corp.

"NSK has been manufacturing in Franklin successfully for more than 20 years," NSK Americas CEO Brian Lindsay said in a prepared statement. "I am delighted that we are still able to grow and develop new technologies and processes here in Franklin where we find a willing and qualified workforce together with extremely supportive state and local governments.”
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT