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home : most recent : foreign investment in indiana December 16, 2018

7/13/2018 10:03:00 AM
Oji Intertech plans $4.5 million expansion in North Manchester

Mackenzi Klemann, Wabash Plain Dealer Editor

NORTH MANCHESTER — Japanese automotive manufacturer Oji Intertech unveiled plans Thursday to double the size of its North Manchester plant, a $4.5 million expansion that company representatives say will create up to 33 new jobs here by 2021.

The expansion will add 80,000 square-feet to the facility, located at 906 W. Hanley Road.

Plans also call for upgraded machinery that will allow the plant to install two additional molding lines starting in 2020, with all modifications expected to be “fully operational by 2022,” according to the Indiana Economic Development Corp. (IEDC), which offered conditional tax incentives and training grants to help Oji with its expansion.

Oji Intertech has had a presence in North Manchester for 30 years. The company first moved here in 1998 and changed its name from Eften Inc., to Oji Intertech in 2002. It is one of 290 Japanese companies with operations in Indiana, according to the IEDC’s count.

The company manufactures parts for the automotive and packing industries.

Company representatives say their U.S. client base is “quickly growing.”

The company currently employs 104 people at its North Manchester facility and expects to hire nine more employees as a direct result of tax incentives approved by the North Manchester Town Council on Wednesday, according to paperwork filed with the Town.

The council unanimously approved the company’s two requests for tax abatement that will be phased out over 10 years, or about $521,000 in property tax revenue that won’t be collected during that period, according to estimates provided by Grow Wabash County.

This is the second major jobs announcement for Wabash County this month.

On Monday, a clean-tech startup formally announced its plans to establish a 50,000 square-foot operations center at 1162 Manchester Ave. in Wabash, which company representatives and the IEDC estimate will create up to 26 new jobs here by 2021.

The company, 10X Engineered Materials, will recycle waste from Thermafiber. That project also received conditional tax credits and training grants from the IEDC as well as a $200,000 tax increment financed loan from the Wabash City Redevelopment Commission, pending the City Council’s approval.

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Copyright 2018 Wabash Plain Dealer

Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

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