Bearings makers NSK Corp. and NSK Precision America Inc. will
invest $30.2 million to equip and renovate two facilities at
their Franklin, Ind., manufacturing complex, according to the
Indiana Economic Development Corp. (IEDC).
The two facilities
slated for renovation will house additional taper rolling
bearing lines as well as linear motion production equipment and
other improvements, IEDC said. The upgrades are expected to be
completed by 2016.
The companies, both
subsidiaries of Japans NSK Ltd., expect to create up to
46 new jobs on the 63-acre campus in Franklin. NSK, which
currently has 400 full-time employees in Franklin and more than
2,400 employees nationally, plans to begin hiring machine
operators, manufacturing associates, engineers and quality
control associates in October.
"NSK has been
manufacturing in Franklin for more than 20 years. I am
delighted that we are still able to grow and develop new
technologies and processes here in Franklin," NSK Americas
chief executive officer Brian Lindsay said in a statement.
NSK makes and
distributes roller bearings, ball bearings, precision ground
ball screws and other components for automotive and industrial
applications from facilities in Indiana, Iowa, Michigan,
Tennessee and Vermont.
in Franklin is the latest example of Japanese companies
continued investment in Indiana. Toyota Motor Manufacturing,
Subaru of Indiana and Honda Manufacturing of Indiana are among
the more than 75 Japanese companies that have located or
expanded in Indiana, accounting for more than 9,300 projected
new jobs and more than $4 billion in capital investment, IEDC