The Indiana Economic Development Corp. announced this morning that Nishikawa Cooper, a.k.a. NISCO, is expanding for the third time, this time adding up to 34 new jobs at their Bremen operation.
That follows two other expansions for the Topeka-based company, which is a cooperative effort between Japan-based Nishikawa and Michigan-based Cooper Standard. The company, which has 925 Indiana full-time employees, is a supplier for Honda, Toyota, Chrysler and Subaru.
“This expansion by NISCO is the second largest expansion in Bremen in the last six months and will go a long way in boosting the local economy and putting a lot of people back to work,” said Rich Martin, director of operations of the town of Bremen, in the state’s announcement. “Hopefully, the trend will continue, and Bremen will be a shining example of a ‘can do’ attitude, and it has been a pleasure to be in the forefront of this type of development.”
Mike Talaga, vice president and general manager of NISCO, said, “This expansion represents our long-term plan to maintain our commitment to our clients and the state of Indiana. As we continue to broaden our product offerings and seek to look for more ways to better service our clients, we look forward to being able to look towards the talented workforce in Indiana to continue our success.”
NISCO is putting $12.7 million into equipping its Bremen facility for expanded operations, on top of $14.1 million in two additions to its Topeka operations announced in June and February, adding 40 jobs before the new 34 jobs.
“Growing companies like NISCO know that when it comes to a state that works for business, Indiana has it all,” said Eric Doden, president of the Indiana Economic Development Corporation. “From our expansive infrastructure to our low-tax policies, the Hoosier State provides automotive manufacturing companies the framework for success.”
The state offered NISCO up to $225,000 in tax credits once the expansion and hiring is complete, and Bremen added an additional tax abatement.