GKN Sinter Metals, an advanced manufacturer of precision powder metal products for the automotive industry, announced plans today to expand its operations in Indiana, creating up to 24 new jobs by 2020.
“Indiana supports more than 8,500 manufacturing businesses and is home to the highest concentration of manufacturing jobs in the nation,” said Governor Mike Pence. “Indiana offers manufacturers a low-cost, low-tax business climate and a dedicated, skilled workforce that provides global firms like GKN Sinter Metals the tools they need to succeed. The Hoosier state is a state that works for business and supports manufacturing operations that power our world.”
The company, which is a subsidiary of United Kingdom-based GKN America Corp., will invest more than $6.9 million to update equipment and renovate its current 220,000-square-foot facility at 198 S. Imperial Dr. in Salem. The new equipment will allow GKN Sinter Metals to increase its production of eight-speed and 10-speed transmissions for the automotive industry. The first round of the new enhanced equipment was installed this year, with the second phase scheduled to begin in 2017. In addition, the company plans to make both interior and exterior enhancements to its existing building, which includes updated employee amenities and a new innovation room to showcase current advanced manufacturing technologies.