MOUNT COMFORT, Ind. (WISH) - Governor Mitch Daniels announced Thursday that a Japanese auto parts supplier plans to open its first North American facility in Hancock County.
Tsuda Industries Co., Ltd. will invest $56.2 million to build a 155,000 square-foot facility at Mt. Comfort Air Park East.
Construction is set to begin in early 2013 and the facility should be operational by January 2014.
Tsuda, which is partially owned by the Toyota Group, manufactures a variety of automotive transmission and chassis components.
"Indiana is proud to be the only state with two Toyota plants, and the thousands of additional jobs from great suppliers like Tsuda," said Daniels. "We're glad to welcome yet another great Toyota partner to our state."
By 2016, Tsuda plans to create up to 116 new jobs.