GKN Sinter Metals has announced plans to expand its operations in Salem, Indiana, USA. The company will invest over $6.9 million to update equipment and renovate its facility, creating up to 24 new jobs by 2020. GKN Sinter Metals stated that the new equipment will allow increased production of eight-speed and ten-speed automotive transmission components.
The first round of the new enhanced equipment was installed this year, with the second phase scheduled to begin in 2017. In addition, the company plans to make both interior and exterior enhancements to its existing building, which includes a new innovation room to showcase current advanced manufacturing technologies.
“In order to continue increasing our sales, it’s important for us to expand our product offering as customer demands change,” stated Jai Perumal, plant manager at GKN Sinter Metals. “In order to exceed our customers’ expectations, we want to continue investing in equipment and technology that results in quality products. As a leader in both the manufacturing and automotive industry, Indiana continues to be a great place for GKN to grow its footprint.”
GKN Sinter Metals’ facility in Salem mainly produces automotive engine and transmission parts for customers who include Ford, General Motors, Allison Transmissions, Toyota, Honda, Mazda and Chrysler.