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Site Location Partnership Client Announcement: UK-Based Automotive Supplier Adding Jobs in Southern Indiana

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  site location partnershipSalem, IN (August 17, 2016) – Site Location Partnership (SLP), a Dallas-based site selection advisory firm, announced that 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.

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-sq.ft. facility. The first round of the new enhanced equipment was installed this year, with the second phase scheduled to begin in 2017.

Founded in 1759, GKN manufactures and sells a range of powder metallurgy products, technologies and engineered solutions for the automotive, industrial and consumer markets worldwide. The Salem-based facility mainly produces automotive engine and transmission parts for its customers, which include Ford, General Motors, Allison Transmissions, Toyota, Honda, Mazda and Chrysler.

GKN Sinter Metals employs more than 6,500 associates across more than 30 facilities around the world, which includes production sites in Germany, Italy, South Africa, Canada, China and Brazil. The company currently employs more than 400 Hoosiers, with plans to hire hydraulic CNC press setup operators, maintenance specialists, CNC machinists and process control technicians. The new career opportunities are expected to pay average salaries more than 20 percent higher than the Washington county wage.

“In order to continue increasing our sales, it’s important for us to expand our product offering as customer demands change,” said Jai Perumal, Plant Manager at GKN Sinter Metals. “In order to exceed our customers’ expectations, we want to continue investing in equipment and technology that results in quality products. As a leader in both the manufacturing and automotive industry, Indiana continues to be a great place for GKN to grow its footprint.”.

The Indiana Economic Development Corporation offered GKN Sinter Metals LLC up to $100,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Salem approved additional incentives at the request of the Washington County Economic Growth Partnership. The Regional Impact Fund administered by Radius Indiana also provided support for the expansion.

“We are very grateful to have GKN Sinter Metals in our community,” said Salem Mayor Troy Merry. “Our city is fortunate to have a company invest millions of dollars to update equipment and renovate its current facility located in Salem. As mayor, I fully support GKN’s commitment to expand in Indiana.”

About GKN Sinter Metals
GKN Sinter Metals is the world’s largest producer of precision powder metal products. With a focus on superior delivery, quality and total solutions, the company offers extensive technical expertise in design, testing and various process technologies. GKN Sinter Metals offers a full range of complex shapes and high strength products for automotive, industrial and consumer markets worldwide. Their global footprint spans more than 13 countries across five continents. GKN Sinter Metals is in close proximity to its customers with more than 30 global locations and more than 6,000 employees.

About Radius Indiana
Radius Indiana is a regional partnership representing eight counties in Southwest Central Indiana: Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Orange, and Washington Counties. Formed in 2009, Radius Indiana also serves as a point of contact in Indiana for Naval Support Activity Crane and leads regional collaboration by leveraging the diverse assets of Southwest Central Indiana to drive attraction, retention and expansion of business, thereby increasing employment and investment opportunities and quality of life within the region.

About Site Location Partnership

Site Location Partnership (SLP) is a multi-disciplined advisory firm that enables the growth of businesses, communities and economies through its two primary consulting areas – corporate site selection and economic development. SLP’s Corporate Location Practice helps companies from industrial and commercial sectors select the optimal location for expansion, relocation or consolidation of business facilities. SLP’s Economic Development Practice assists various organizations in implementing business attraction strategies for new corporate investment, job creation and economic growth.

Media Contact

Ashley Freeman
Research Manager
Site Location Partnership
Phone: 972-874-7483
afreeman@sitelocationpartnership.com
http://www.sitelocationpartnership.com
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