Japanese manufacturer NTN Corp. on Friday announced that its Indiana-based joint venture plans to build a second auto parts factory and add about 200 jobs in coming years.
NTK Precision Axle Corp. — a venture between NTN, Takao Kogyo and Neturen — makes driveshaft components in Anderson, Ind.; its second plant will make turning and heat treatment processes and increase the business' overall production capacity.
NTN officials said that the company hopes to bolster production in areas with strong auto parts demand. The new factory will also consolidate production of parts currently sourced from external partners operating overseas.
Construction on the second plant is scheduled to begin next month. Mass production will start one year later, and the 200-employee workforce is expected to be in place for the 2021 fiscal year.