Metals & Minerals
Yenning for Production, Aisin Automotive Opens Tennessee Aluminum Die Casting Plant
An expansion for this new plant has already been discussed and Aisin Automotive Casting Tennessee holds an option on an additional 37 acres located adjacent to the plant
Released Monday, September 12, 2005
Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Aisin Automotive Casting Tennessee (AACT) (Clinton, Tennessee), a division of Aisin Seiki Company, Limited (PNK: ASEKF.PK) (Asahi-machi, Japan), was established in January of 2004 to produce aluminum engine components including pumps and pistons for its biggest customer, Toyota Motors. The groundbreaking ceremony for a new $65 million plant was conducted on March 30, 2004 in Clinton, Tennessee, with the actual building being completed in November of that same year. It took just over a year for the production equipment to be installed and as scheduled, production started in August 2005.
The Clinton, Tennessee site was picked over six other locations throughout three states. Tennessee currently has over 900 automotive related companies representing a third of the states manufacturing jobs. The Tennessee Department of Economic and Community Development supplied incentives to the tune of $3 million dollars. These incentives included job-tax credits, employee-training funds and tax credits that covered machinery purchased for the plant. The city of Clinton also sweetened the offer by giving Aisin the 48-acre plant site.
An expansion for this new plant has already been discussed and Aisin Automotive Casting Tennessee holds an option on an additional 37 acres located adjacent to the plant. If these plans reach fruition and the option on the land is exercised, the new plant expansion would eventually increase employment to over 600 people.
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View Project Report - 25001766
Industrial Information Resources (IIR) is a Marketing Information Service company that has been doing business for over 22 years. IIR is respected as a leader in providing comprehensive market intelligence pertaining to the industrial processing, heavy manufacturing, and energy-related industries throughout the world.
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