The investment is part of a bid to gain new business in the manufacturing of powder metal components for the automotive industry and forms part of Sumitomo Electric Sintered Alloys' global strategy to grow in the North American market. ESC is a joint venture between Sumitomo Electric and Eaton Corporation.
ESC has a current employment of 375 and plans a staffing increase of 25 within the first six months of the expansion project. Completion of the project is scheduled for late October 2011.
ESC will also receive US$142,000 in tax grant incentives over five years.
“We look forward to this expansion in supporting our overall goal to manufacture highly engineered components while placing a high value on our employees, their families, and our community,” said Ryu Goto, president of Sumitomo Electric Sintered Alloys.
