PERU, ILL. (Sept. 26, 11:30 p.m. ET) — Eakas Corp. plans to spend $35 million to expand its plant in Peru.
The company, a unit of Japan's Sakae Riken Kogyo Co., will expand its plant from 257,000 square feet to 537,000 square feet and add 25 jobs.
The company makes plastic parts and other decorative trim for the automotive industry. The company said in a news release that when the plant adds a new plating line, it will be the only manufacturer in North America to provide color molding, paint, hydrographics and chrome decorative finish components under one roof.
“The Peru facility will provide a much greater global presence for Eakas Corporation, with farther reaching global expansion slated in the future for Sakae Riken,” said Tom Mori, president of Eakas Corp., in a news release.
The state of Illinois will give Eakas a $50,000 grant through the Illinois Jobs Now capital program. The company also will get a $334,250 package of tax credits over 10 years to support job creation.