INDIANAPOLIS (July 24, 4:45 p.m. ET) — Honda supplier Greenville Technology Inc. will invest $21.37 million in a new injection molding plant in Anderson, Ind., that will employ 325 people by 2016.
The state of Indiana announced the plans July 24, and noted that the state will provide up to $1.7 million in tax credits and another $100,000 in training grants, depending on GTI's employment base.
GTI is the North American-based subsidiary of Moriroku Technology of Tokyo and opened in Greenville, Ohio, in 1987. Officials said the site has reached its production capacity while a tight labor market near Greenville also prompted the move to Indiana.
Tokyo-based Honda Motor Co. Ltd. announced earlier this month that it is expanding its own manufacturing in Indiana, spending $40 million to boost capacity at its assembly plant in Greensburg, Ind.
GTI already has 840 employees in Ohio, a sales and technical office in Marysville, Ohio, and sister plants in Listowel, Ontario, and Rainsville, Ala. The company is accepting resumes online.
The finished plant will cover 150,000 square feet and produce 500,000 parts during its first year. GTI expects to begin production by January.