05 November 2012

Toyota Parts Supplier TRIN to invest $19 million and create 75 new jobs in Ashley, Indiana

-TRIN is owned by Japan-based Tokai Rika 
-IEDC offered up to $455,000 in conditional tax credits and up to $95,000 in training grants

Ashley, Ind. – 02 November 2012 – TRIN, Inc., an automotive parts supplier, announced plans to expand its operations in Indiana, creating up to 75 new jobs by 2016. The company, which manufactures automotive interior switches and sensors, will invest $19 million to upgrade its manufacturing capabilities and add 46,000 square feet to its existing facility located in Ashley. Construction at the site is set to begin this month. 

Indiana continues to benefit from the investment of several international OEMs such as Suburu, Toyota, Honda and Fiat,” said Governor Mitch Daniels. “TRIN joins the long list of automotive firms that have found Indiana’s logistics infrastructure and workforce to be the best in the nation.” 

TRIN, which currently has 134 full-time employees in Ashley, plans to begin hiring additional manufacturing and production associates next year. 

“Our growth can be attributed to the hard work by all of the TRAM Group associates with support from the local, county and state of Indiana,” said Christopher Bryant, director of operations at TRIN. “We value our partnership with the town of Ashley, DeKalb County and the state of Indiana. We are committed to growing this relationship by providing stable and sustainable employment for our present and future associates and to maintain our position as a responsible corporate citizen.” 

Founded in 1997, TRIN’s Ashley facility supplies electromechanical automotive switches and produces 22 million parts per year for Toyota manufacturing plants in Indiana, Kentucky, Texas and Canada. The company is one of four manufacturing facilities owned by Japan-based Tokai Rika, which employs more than 2,500 associates in North America. 

The Indiana Economic Development Corporation offered TRIN, Inc. up to $455,000 in conditional tax credits and up to $95,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Ashley will consider additional property tax abatement at the request of the DeKalb County Economic Development Partnership. 

TRIN’s decision is the most recent in a long string of automotive jobs in Indiana. So far this year, 45 automotive-related companies have made plans to locate or expand in Indiana, accounting for nearly 6,000 new jobs and more than $1 billion in capital investment. 

Created by Governor Mitch Daniels in 2005, the Indiana Economic Development Corporation (IEDC) oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. 

Source: IEDC