Hitachi Powdered Metals (USA) Inc., a subsidiary of Japan’s Hitachi Powdered Metals Co. Ltd., has announced plans to invest $38.4 million to construct and equip a second manufacturing facility on its site in Greensburg, IN, USA.
Expected to be operational by August 2013, the expansion will see a new 128,000 square-foot plant housing compacting presses, sintering furnaces, heat treating equipment and a machining centre. The company, which currently employs 156, states that a further 60 new jobs will be created at the site by 2014.
Established in 1987, Hitachi Powdered Metals (USA), Inc. manufactures precision-made valve guides, gears, sprockets and pulleys for automotive companies including General Motors, Ford, Honda, Toyota and Nissan. Its Greensburg location is the company’s only PM operation in the United States.
“Hitachi Powdered Metals (USA), Inc. continues to be a leader in powdered metal technology as we expand our reach into the North American automotive market,” stated Greg Owens, Vice President of Hitachi Powdered Metals (USA), Inc. “During the site selection process, Greensburg city leaders were very supportive throughout, as were our local and state economic development corporations. All were instrumental in our decision to expand in Greensburg.”
Posted by: Paul Whittaker, Editor ipmd.net, [email protected]