Honda supplier Yachiyo investing $10m in Ohio plant

By Rhoda Miel
News Editor

Published: February 17, 2012 6:00 am ET

Related to this story

Topics Automotive, Blow Molding

MARION, OHIO (Feb. 17, 11:30 a.m. ET) — Auto supplier U.S. Yachiyo Inc. will invest more than $10 million to expand its fuel tank manufacturing plant in Marion.

The Ohio Tax Credit Authority approved a 40 percent, six-year tax credit to help finance the expansion on Jan. 30. U.S. Yachiyo — part of Yachiyo Industry Co. Ltd. of Yachiyo, Japan — blow molds plastic tanks for Honda Motor Co. Ltd.’s assembly plant in nearby Marysville, Ohio.

Vice President Ray Sanders told local media in Marion that the expansion will bring 30 additional jobs to the existing 175 at the site.

Local city and county officials also were expected to approve tax breaks to help finance the 40,000-square-foot addition.


Comments

Honda supplier Yachiyo investing $10m in Ohio plant

By Rhoda Miel
News Editor

Published: February 17, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

LiquiForm looks to fundamentally change blow molding process for bottles

March 5, 2015 12:13 pm ET

Those in the know are lifting the veil, just a bit, on fledgling technology being developed that would fundamentally change the way plastic bottles...    More

Image

Southeastern Container closing plant as Coke shifts bottle production

March 5, 2015 11:07 am ET

About 50 people will lose their jobs at a PET bottle making facility in Effingham, Ill., as container manufacturing shifts to Coca-Cola bottling...    More

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

Wright Plastic Products buys Tennessee auto supplier Hope Industries

March 4, 2015 3:51 pm ET

Michigan custom injection molder Wright Plastic Products Co. LLC has acquired Tennessee-based automotive supplier Hope Industries Inc., the companies ...    More

Image

Best Places To Work: No. 9, Team 1 Plastics Inc.

March 4, 2015 12:11 pm ET

One long-standing, often-cited problem in the plastics industry is the shortage of skilled workers. Automotive injection molder Team 1 Plastics Inc. i...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events