NTN Driveshaft Inc., a manufacturer of automotive velocity joints in Columbus, said Tuesday morning that it plans to add 50 jobs by 2013 as part of an $18 million expansion.
The company, a division of Japan-based NTN Corp., said the money will be used to purchase additional production equipment for its 1-million-square-foot facility.
NTN Driveshaft currently has more than 1,500 full-time employees in Columbus and already has begun hiring for engineering, production and maintenance jobs.
The Indiana Economic Development Corp. said it will provide the company up to $235,000 in performance-based tax credits and up to $50,000 in training grants based on the job-creation plans. The city of Columbus has approved additional property tax abatements.
NTN Driveshaft began operating in Columbus in 1990. Its parent company was founded in Japan in 1918.
Please enable JavaScript to view this content.