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The eBearing News
November 5, 2003
NTN Joint Venture Company Building
Axle Plant in Indiana
copyright © 2003 eBearing Inc.
NTK Precision Axle Corp. (USA) has chosen Frankfort, Indiana for the location of its
automotive and light truck axle component plant, according to Clinton County development
authorities.
NTK is a new company, a joint venture of NTN USA Corp. (a division of NTN Corp., Japan), Takao Kogyo Co. Ltd.,
and Netsuren USA Inc. NTK will manufacture finished CV joint axles, primarily for NTN Driveshaft's plant in
Columbus, Indiana.
The new facility fits NTN's plans to expand production of CV joint axles as market demand
continues to grow. NTN had been outsourcing the shafts themselves but as volume increased,
determined the best solution is to bring production in-house. The plant had originally been planned
to locate next to NTN Driveshaft in Columbus, Indiana.
• article: NTN Driveshaft adding third plant for shaft production
In the search for a place to build the plant, Frankfort and Champaign, Illinois were the final two locations
under consideration. Champaign development officials said they were simply unable to put together an
offer to match Frankfort's and Indiana's business incentive packages.
Frankfort is a town of 16,000
people in northwest central Indiana, near Indianapolis.
NTN Driveshaft is in Columbus, not far away in Bartholomew County, southeast of Indianapolis.
Indiana, Clinton County and Frankfort development authorities reportedly worked together to offer
a package of property tax and investment incentives totaling $8 million for the plant
to locate in Frankfort. In addition, county officials pledged infrastructure support, such as
widening the road, if necessary.
The NTK venture will reportedly spend at least $41 million on the Frankfort facility;
the first phase is planned to cover about 20,000 square feet and will employ approximately 100 workers.
Production is scheduled to come online, with finished shafts delivered to NTN, by September 2004; production
is projected to hit $30 million in shafts by 2006.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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