A Japanese powdered metal components supplier said Tuesday that it plans to expand its operations in Greensburg, creating up to 60 jobs by 2014.
Hitachi Powdered Metals (USA) Inc., a subsidiary of Japan-based Hitachi Powdered Metals Co. Ltd., plans to invest $38.4 million to build and equip a second facility on its 30-acre campus in Decatur County.
The new, 128,000-square-foot plant, which is slated to open in August 2013, will house compacting presses, sintering furnaces, lathing and machining center work cells, heat treating equipment and office space.
The company, which currently has 156 full-time Indiana employees in Greensburg, has begun hiring additional manufacturing, engineering, maintenance and production workers.
Hitachi Powdered Metals, founded in 1987, makes valve guides, gears, sprockets and pullies for automotive companies, including General Motors, Ford, Honda, Toyota and Nissan. Its Greensburg location is the company's only powdered metal operation in the United States.
The Indiana Economic Development Corp. offered Hitachi Powdered Metals up to $275,000 in tax credits and up to $150,000 in training grants based on the company's job-creation plans. The city of Greensburg will provide additional property tax abatement.