Automotive pillars, body structures and frames will be built in a $73.5 million factory expected to open in spring 2016 in Jamestown.
A groundbreaking ceremony, including Indiana Lt. Gov. Sue Ellspermann, was held Friday morning at the Fukai Toyotetsu Indiana Corp.’s 151,000-square-foot facility, to be built on a 40-acre field at 1100 N. Lebanon St., Jamestown, about a quarter-mile south of Interstate 74.
When the plant is in full operation, it is expected to employ up to 195 people, the Indiana Economic Development Corp. said in a news release. FTIC will begin hiring for a variety of jobs in spring 2015.
Town and county officials had been working on incentive packages for FTIC for several months.
A tax increment financing district that will help pay for infrastructure for the plant was approved earlier this year by the Jamestown Town Council.
The town council, Boone County Commissioners and the Boone County Redevelopment Corp. approved the issuance of up to $3.5 million in bonds to pay for roads, water lines and other improvements for the site.
Fukai, which supplies products for Subaru, had been considering a U.S. investment since 2001, Satoru Fukai, president of FTIC, said in a news release.
Fukai Toyotestu Indiana was incorporated April 14. The joint venture with Toyotetsu was attractive because the company already has plants in the U.S. making parts for Toyota vehicles, Fukai said.
Toyotetsu makes various parts for Toyota vehicles at plants in Owensboro, Ky., Somerset, Tenn., and San Antonio, Texas.
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