Auto Parts Maker To Invest $1.5M In Ind. Plant

BUTLER, Ind. (AP) — An auto parts maker based in India plans to invest $1.5 million in its plant in northeast Indiana and add up to 25 jobs. The Journal Gazette reports that the Indiana Economic Development Corp. offered Autoline Industries up to $225,000 in performance-based tax credits based on the company's job-creation plans.

BUTLER, Ind. (AP) — An auto parts maker based in India plans to invest $1.5 million in its plant in northeast Indiana and add up to 25 jobs.

The Journal Gazette reports that the Indiana Economic Development Corp. offered Autoline Industries up to $225,000 in performance-based tax credits based on the company's job-creation plans. The city of Butler will provide a property tax abatement.

The company makes pedal assemblies and spare-tire kits at the DeKalb County plant, which employs 80.

Autoline was founded in 1995 in India and employs more than 2,000 globally. It reported fiscal 2010 revenue of $99 million. The new assembly jobs are expected to be added by 2013.

Indiana Commerce Secretary Mitch Roob is in India on a trade mission and met with Autoline leaders during the trip.

More in Home