Fine Sinter Co., Ltd., will invest $20 million in two new production lines at the headquarters of its North American subsidiary, American Fine Sinter (AFS), Tiffin, Ohio, USA. According to Masayuki Yamamoto, AFS President, the expansion is to meet the demand posed by the company’s continued growth.
“Our business base is expanding, and we are thankful to have dedicated employees and the backing of the Tiffin community, which allow us to continue to advance,” stated Yamamoto. In addition, the expansion will afford the company the space and equipment to produce mid and torque carriers for the Toyota Highlander, RAV4 and Camry, using Toyota’s new technology, reportedly making its Tiffin plant one of only three facilities to use this technology worldwide.
American Fine Sinter began production at its Ohio headquarters in 2003 and manufactures parts for the automotive, railroad, industrial machinery and hydraulics industries. The company previously expanded in 2014, with an investment of $25 million in its facilities and the creation of twenty-four new jobs. At present, the company employs a total of 246 staff, with an additional twenty-five jobs expected to be created by the new expansion.
Aaron Montz, Tiffin’s Mayor, applauded AFS’s commitment to its USA headquarters. “AFS has been a great employer for Tiffin for the past sixteen years,” he stated, “and it is wonderful that they continue to choose to invest and grow here.”