As part of a broader plan to double its automobile axle output capacity in America, Japan's NTN Global, parent company of NTK Precision Axle Corporation, recently announced plans to build a manufacturing plant in Anderson, Indiana, in April of next year, Nikkei Asian Review reported. The multi-million dollar project is expected to add approximately 200 jobs.
The plant, which will be located next to one set to open next month, will be responsible for cutting and heat-treating iron used in the construction of drive shafts. The news source indicated that this move may stem from the urges U.S. President Donald Trump has given to automakers to increase domestic production and employ more American workers.
Both Ford Motor and Toyota have recently announced plans to invest in U.S.-based facilities in the near future.
Fox59 reported that NTK currently employs over 4,500 people in the U.S., almost half of which are based in Indiana.
"Our parts make their way to more than 15 different automakers, which translates to one fourth of the cars and light trucks on the open road riding on our products," NTK President Tadao Okamura told the source. "We are excited for Anderson to become part of our company and we look forward to a long and prosperous relationship with both the city and the state."