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[IEDC] Japan-Based Manufacturer Picks Indiana for First North American Operations
Start Date: 11/3/2015Start Time: 12:00 AM
End Date: 11/3/2015
Entry Description
COLUMBUS, Ind. (Nov. 3, 2015) – Daiei Inc., a Japan-based specialty manufacturer of industrial machinery components, announced plans today to locate its first North American operation in Columbus.
 
The company, which is a wholly-owned subsidiary of Handa City, Japan-based Daiei Giken Kogyo Co., Ltd., will invest $3.35 million to lease, renovate and equip a 7,200-square-foot production facility at 810 Depot St. and a nearby 7,800-square-foot office building at 3620 Commerce Drive in Columbus. Daiei will produce forklift pillars and other related components for Toyota Industrial Equipment Manufacturing (TIEM), which is also based in Columbus. With equipment installation slated to begin this month, Daiei plans to create up to 10 new jobs by 2017.
 
“Indiana boasts the largest amount of Japanese investment per capita in the country, and today Daiei joins the long list of Japan-owned companies creating new jobs here in the Hoosier State,” said Governor Mike Pence. “International companies have a world of choices for new and expanded operations, and the fact that they continue to select Indiana speaks to our state’s strong and predictable business climate, the Indiana-Japan relationship we continue to foster and the warm welcome they receive from Hoosiers across the state.”
 
Today’s announcement follows Governor Pence’s meeting with executives from Daiei in Nagoya, Japan during his seventh jobs and economic development mission. While hosting a reception for Japanese business leaders, the governor discussed Daiei’s growing operations with its executives, along with the company’s interest in locating near TIEM, which last month celebrated 25 years of doing business in Indiana.
 
“Our new operations will allow us to meet the needs of important customers while benefiting from the business advantages found in Columbus, Indiana,” said James Anderson Kaparakis, production department director of Daiei. “Our location will offer us convenient access to customers and a workforce that understands our manufacturing needs.”  
 
Daiei, which currently employs more than 400 associates at its facilities in Japan and China, plans to begin hiring for production and leadership roles in December. Interested applicants may apply by sending a resume to jobs@daieigiken.co.jp.
 
The Indiana Economic Development Corporation offered Daiei Inc. up to $50,000 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 Columbus will consider additional incentives at the request of the Columbus Economic Development Board.
 
“We in Columbus are pleased to be home to the highest concentration of Japanese investment in the state of Indiana,” said Jim Lienhoop, Columbus City Councilor. “City and local economic development officials have traveled to Japan annually for more than thirty years in support of Japanese investment, and I was honored to have the opportunity to help tell the Columbus story to Daiei officials during our recent trip.”
 
Daiei’s announcement is the fourth Japan-based expansion announcement in Indiana in the past two months. In September, Indiana Packers Corporation, Toyota Tsusho and Subaru of Indiana Automotive all announced plans to expand their operations in Indiana, together creating up to 1,321 new jobs and investing more than $185.2 million in their Indiana operations. Japan-based companies like Daiei support more than 52,000 Hoosier jobs at more than 250 business facilities across Indiana. Among all U.S. states, Indiana boasts the largest amount of Japanese investment per capita.

About Daiei, Inc.
Daiei, Inc., is a wholly-owned subsidiary of Japan-based Daiei Giken Kogyo Co., Ltd.  The parent company was founded in 1955 and is headquartered in Handa City, Aichi prefecture, Japan.  The company is ISO14001 and ISO9001 certified and is a specialty producer of industrial components made of sheet steel that serves material handling, automotive, HVAC, and other industries. In addition to its operations in Japan, the company also established operations in China in 1995 and will soon open a production facility in Vietnam. In November 2015, Daiei announced plans to establish its first North American operations in Columbus, Indiana, USA.       
 
About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.
 
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Media Contacts:
James Anderson Kaparakis (Daiei) – 812.603.5160 or jobs@daieigiken.co.jp
Abby Gras (IEDC) – 317.232.8845  or agras@iedc.in.gov
Contact Information:
Name: Abby Gras
Phone: 317.232.8845
Email: agras@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Business & Agriculture
  • Agency Name
    Economic Development Corporation, Indiana

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