Toyota forklift supplier to open plant in Franklin

  • Comments
  • Print

Toyota Industries Corp., a Japanese forklift manufacturer, has started a new unit, Indiana Hydraulic Equipment Corp., to make hydraulic valves and will build its first plant in Franklin.

The $12 million, 58,000-square-foot facility will open in June 2008 and ramp up to employ 35, Toyota Industries announced today.

The new unit will be advised by hydraulics maker Nishina Industrial Co. Ltd., another Toyota Industries arm. The site will mainly supply Toyota’s forklift factory in Columbus.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.