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The company, a joint venture between Japan-based Nihon Tokushu Toryo Co. Ltd. and Switzerland-based Autoneum, will invest $4.8 million to expand and equip its manufacturing facility in Valparaiso.
“The auto industry has found a strong home here in Indiana,” said Eric Doden, president of the Indiana Economic Development Corporation. “UGN’s decision to expand operations in Valparaiso shows why Indiana is a state that works. With our low taxes and highly skilled workforce, companies are free to develop and expand here. When we get down to where the rubber meets the road, companies know what to expect in Indiana—stability, an affordable business climate and unlimited opportunity.”
UGN, which has more than 325 full-time employees in Indiana, plans to begin hiring for manufacturing and technical positions next summer. Interested candidates can apply at ugnauto.com.
“This expansion ensures UGN continues to supply our innovative products to the automotive industry as production continues to grow,” said Peter Anthony, chief executive officer of UGN. “The expansion at our Valparaiso plant is in a central location—and close to our headquarters—and we have a skilled workforce there, which we look forward to expanding.”
With more than $375 million in annual revenue and six locations in the United States, UGN produces dash insulators, engine side parts, carpet systems and seat belt protectors for the Japanese automotive industry in North America. The UGN facility in Valparaiso has been honored multiple years with the Honda Quality Performance Award, the Toyota Achievement Award and the Subaru Quality Achievement Award.
The Indiana Economic Development Corporation offered UGN, Inc. up to $115,000 in conditional tax credits 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 city of Valparaiso approved additional incentives
“It is wonderful to see another local business decide that Valparaiso is the right place to invest capital resources and grow,” said Valparaiso Mayor Jon Costas. “We value UGN and its current employees, and we look forward to welcoming new employees as result of this investment.”
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