American Fine Sinter

Second Tiffin Toyota supplier wins award

American Fine Sinter 2018.jpgAmerican Fine Sinter has won a supplier award from the Toyota Company of North America for excellence in value analysis achievement. AFS is the second Tiffin automotive parts manufacturer recognized by Toyota, joining Taiho Corporation of America, which received a technology and development award.

Tiffin is home to the North American headquarters of AFS, located in the Eagle Rock Business Park. The company, which manufactures parts for the automotive, railroad, industrial machinery, and hydraulics industries, has undergone several expansions in recent years to accommodate growing production.

In 2014, they announced a $16 million and the construction of 100,000 square feet of new manufacturing space, additional office and storage space, and an $8 million investment into state-of-the-art automation and manufacturing equipment, due in part to a contract with Toyota to produce transmission parts. (See article)

Yet another project was announced in 2017, filling the 2014 expansion with equipment to produce mid and high torque carriers for the Toyota Highlander, RAV4, and Camry, using new technology from Toyota only implemented in three facilities worldwide. (See article)

About American Fine Sinter
American Fine Sinter (AFS) was established in 2001 in Tiffin, Ohio and started production in 2003. Today, Fine Sinter Co. a joint venture between Tokyo Sintered Metals (TSM) and Japan Powder Metallurgy (JPM), the parent company of AFS, is a $350 million company with more than 1,000 employees worldwide. The company manufactures parts for the automotive, railroad, industrial machinery, and hydraulics industries, and American Fine Sinter most recently has focused on valve seats and variable cam units for the automotive industry.

 

 

Seneca County ranks in Top 10 nationally for economic development

Site Selection Magazine March 2018Community earns third such ranking in five years

TIFFIN, OHIO – March 5, 2018 – The Seneca Industrial & Economic Development Corporation (SIEDC) announced today that Seneca County has again placed in the top ten nationally in Site Selection Magazine’s rankings for large, private economic development projects – placing tenth out of the 575 micropolitans in the US for the honor for the second year in a row. Site Selection has been annually ranking states and cities since 1978.

This is the sixth year in a row that the Tiffin-Seneca micropolitan area has ranked in the top 100 nationally and the fifth year for ranking in the top ten percent. Qualifying projects must involve a capital investment of at least $1 million, create at least 20 new jobs, or add at least 20,000 sq. ft. of new floor area. Six Seneca County projects qualified for Site Selection, including projects by American Fine Sinter, Treves, OCECO, Mennel Milling and an industrial speculative building in the Eagle Rock Business Park.

Tiffin Mayor Aaron Montz praised the announcement. “The momentum continues, and businesses keep expanding, locating and starting up in our community. We are proud of this ranking.” Fostoria Mayor Eric Keckler agreed, “Fostoria and Seneca County are demonstrating that we are a great place to do business.” Seneca County Commission President Mike Kerschner agreed: “We are establishing a track record of success that business finds attractive, and we look forward to more good things to come.”

This year, Ohio ranked as the number two state for development projects and the entire Northwest Ohio region posted strong numbers, with Findlay taking the number one micropolitan slot, Defiance tying with Seneca County for tenth, and Toledo ranking seventh in its division. “Northwest Ohio continues to be an economic development powerhouse,” said Dean Monske, President & CEO of the RGP Northwest Ohio in Toledo, the regional economic development organization for Northwest Ohio. “We congratulate the Toledo metro area, Findlay, Defiance and Tiffin on their national success.”

A press release from Site Selection magazine and a list of rankings can be found here. More information can be found at siteselection.com.

About SIEDC
Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in Tiffin and Seneca County at www.senecasuccess.com.

American Fine Sinter to make $20M investment

Major expansion to create 25 new jobs

AFS 2017TIFFIN, OHIO – August 22, 2017 American Fine Sinter (AFS) announced today that it will be moving forward with the addition of two production lines at its North American headquarters in Tiffin, Ohio, investing $20 million in equipment and creating 25 new jobs. Tennessee was also a possible site.

AFS President Masayuki Yamamoto attributed the company’s continued growth to its customers, employees and the community: “Our business base is expanding, and we are thankful to have dedicated employees and the backing of the Tiffin community, which allow us to continue to advance.”

This company’s last expansion was announced in 2014, when the company invested $25 million and committed to add 24 new jobs. Since then, they have added 106 jobs and now have 246 employees. This project will fill the remaining space in that expansion with equipment to produce mid and high torque carriers for the Toyota Highlander, RAV4, and Camry, using new technology developed by Toyota. The Tiffin plant is one of three worldwide to use the process.

Tiffin Mayor Aaron Montz applauded AFS’s commitment to the community: “AFS has been a great employer for Tiffin for the past 16 years, and it is wonderful that they continue to choose to invest and grow here.”

With the previous expansion, real property tax exemptions played a significant role due to the cost of building construction. With this expansion, workforce has been the focus, as the company continues to hire at a rapid rate. Initiatives like the Seneca County Workforce Development Strategic Plan, Manufacturing Showcase, and the Student Job Fair are important for long-term success and have helped make the company comfortable with growing here.

About American Fine Sinter
American Fine Sinter (AFS) was established in 2001 in Tiffin, Ohio and started production in 2003. Today, Fine Sinter Co. a joint venture between Tokyo Sintered Metals (TSM) and Japan Powder Metallurgy (JPM), the parent company of AFS, is a $350 million company with more than 1,000 employees worldwide. The company manufactures parts for the automotive, railroad, industrial machinery, and hydraulics industries, and American Fine Sinter most recently has focused on valve seats and variable cam units for the automotive industry.

About SIEDC
Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in Tiffin and Seneca County at www.senecasuccess.com.

Industrial – recent projects and announcements

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Webster Industries

The industrial sector continues to invest heavily and experience strong growth. Here are some of the recent projects and announcements in manufacturing and distribution:

  • American Electric Power Site Certification: The 38 acre site in the Eagle Rock Industrial Park became the fourth site in northwest Ohio to receive the Austin Consulting “Shovel Ready” Site Designation for the Food and Beverage Industry.
  • American Fine Sinter: A global manufacturer of parts for the automotive, railroad, industrial machinery, and hydraulics industries with their North American headquarters in Tiffin. In November 2014, American Fine Sinter announced a $16 million expansion that will result 24 new employees and the retention of 140 employees.
  • Concordance Health Care Solutions: Supply Company, headquartered in Earth City, Missouri and Seneca Medical, headquartered in Tiffin, Ohio jointly announced that they have entered into a definitive merger agreement to form Concordance Healthcare Solu­tions, LLC. The combination will bring together three strong, growing and respected regional medical supply distributors. Concordance will have approximately 1,000 employees, 19 distribution centers and $1.1 billion in annual sales.
  • National Machinery: A global leader in cold forming machinery and process technology headquartered in Tiffin, announced in May 2014 a $6.5 million investment and the creation of at least 20 new jobs with the retention of 294 existing The project involves an expansion of both manufacturing and research and development capacity.
  • Nox Corporation: A global manufacturer that sells vinyl tile for commercial customers to use in building flooring for applications like hospitals and large offices in 50 different The South Korean company cut the ribbon on their first US factory with a total investment of $32 million and the creation of 50 new jobs.
  • Taiho Corporation of America: The Japanese automotive supplier currently employs 180 and manufactures more than 120 million parts a year at its Tiffin location. Taiho announced in August 2015 an $8 million, 50-job expansion at its North American headquarters and manufacturing operation in Tiffin. The project is expected to be completed three years and brings the company’s total investment to more than $21 million since 2012.
  • Tiffin Metal Products: A custom solutions provider serving the outdoor advertising, material handling and storage product industries located in In March 2015, Tiffin Metal announced an expansion that includes an investment of $750,000 and the creation of 18 new jobs with the retention of 91 existing employees.
  • Webster Industries: A premier leader in industrial conveyor chain and vibrating conveyors, used in a wide variety of industries including forest products, food, automotive, cement, grain, asphalt, recycling, and steel industries. Webster announced an $8.3 million expansion and the creation of 65 new jobs. Tiffin beat out Meridian, Mississippi and northern Alabama on the expansion.

60+ businesses in local HR association

SCHRASeneca County Human Resource Association (SCHRA) was formed to provide professional development workshops, hear knowledgeable speakers, receive legislative updates, and networking opportunities to those professionals working in a variety of human resource capacities.

Past speakers include:

Monthly meetings are held throughout the year, generally in the Tiffin area, on the third Tuesday of the month at 11:30 a.m. The cost is $10 for members and $20 for non-members. You can fill out the 2015 SCHRA membership form here.  For more information contact Beth Hannam at bhannam@terra.edu.

Participating businesses include:

AFS to invest $16 million in Tiffin

American Fine Sinter to invest $16 million in Tiffin

Automotive supplier to create 24 new jobs

TIFFIN, OHIO – November 19, 2014 – American Fine Sinter (AFS) announces today that it will be moving forward with a $16 million expansion project at its North American headquarters in Tiffin, Ohio. The project is expected to move forward the first quarter of 2015.

The expansion project involves the construction of 100,000 square feet of new manufacturing space, additional office and storage space, as well as an $8 million investment into new state-of-the-art automation and manufacturing equipment. The company was recently awarded new contracts for both transmission parts for Toyota and shock absorber parts from multiple auto makers, and the need for additional capacity is motivating the project. The company currently employs 140 and will need to add another 24 over the course of the next three years.

In making the announcement, AFS President Masayuki Yamamoto complimented the company’s customers, its employees, and the community: “We have grown by building our business base, nurturing a good corporate culture, and building a company people want to work for. Tiffin has been a great community, and we very much appreciate our associates and the support we receive locally.”

Tiffin Mayor Aaron Montz was thrilled by the news: “Tiffin is in the midst of a tremendous resurgence. To have American Fine Sinter make this kind of commitment does nothing but continue the momentum. They are a tremendous corporate citizen.”

Local support for the project is being provided in the form of a Community Reinvestment Area (CRA) tax incentive, which will provide a 100 percent tax exemption on taxes generated by the new construction over the course of fifteen years. The CRA was put in place at Eagle Rock Business Park in 1985 to attract businesses to the park and has been a significant factor in the location and expansion of Toledo Molding & Die, Tiffin Insulators, and American Fine Sinter at the industrial park.

About American Fine Sinter

American Fine Sinter (AFS) was established in 2001 in Tiffin, Ohio and started production in 2003. Today, Fine Sinter Co. a joint venture between Tokyo Sintered Metals (TSM) and Japan Powder Metallurgy (JPM), the parent company of AFS, is a $350 million company with more than 1,000 employees worldwide. The company manufactures parts for the automotive, railroad, industrial machinery, and hydraulics industries, and American Fine Sinter most recently has focused on valve seats and variable cam units for the automotive industry.

About SIEDC

Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio. In 2012, the community was ranked in the top 5 percent nationally for economic development, and last year, it was recognized as one of the top ten communities out of 600 micropolitans in the US. Learn more about the great things going on at the company’s blog at www.senecasuccess.com.