ANDERSON – A key to doing business with foreign companies is commitment whether they be from Asia or Europe.
During a recent trip to Japan led by Anderson Mayor Thomas Broderick Jr., along with Anderson Economic Development Director Greg Winkler and Rob Sparks of the Corporation for Economic Development, the visit was meant to solidify relationships with five companies located in the city.
The Anderson group met with officials from NTN Driveshaft, NTK Precision Axle, GTI, Hitachi Transport, Keihin, Maeda Corp. and Moriroku.
In recent years NTN Driveshaft has made an investment of $90 million with a planned $60 million expansion creating 510 jobs by 2021; NTK Precision Axle has invested $98 million creating 198 jobs; and GTI has invested $45.4 million locally and created 350 positions.
“We wanted to continue to develop a relationship,” Broderick said of the trip. “All the companies expressed a real confidence in Anderson and are pleased with their presence in the city.”
Broderick said all five companies reaffirmed their commitment to maintaining a presence in Madison County.
“There was talk about possible future expansion,” he said. “Each company has their own timeline.”
Broderick said both NTN and NTK are doing business internally and have considered future growth in their companies.
NTN Driveshaft recently announced a planned $90 million expansion of their Columbus facilities.
The Columbus Republic reported since 1989 announcement of building an initial $97 million facility and employing about 250 people, NTN has invested another $600 million in expansions and increased its workforce fivefold.
The new investment will create 100 jobs by 2023.
Follow Ken de la Bastide on Twitter @KendelaBastide, or call 765-640-4863.