Taiho Corporation of America

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.

Taiho moving forward with $8M expansion in Tiffin

TaihoProject expected to create 50 jobs; receives local tax credit

TIFFIN, OHIO – August 17, 2015 – Following approval of a local job creation tax credit by Tiffin City Council this evening, the Taiho Corporation of America is announcing its decision to move forward with 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.

The Japanese automotive supplier currently employs 180 and manufactures more than 120 million parts a year at its Tiffin location, including engine bearings, bushings, and other specialty bearings – parts that go into such popular models as the Toyota Camry, Chevy Malibu, Cadillac CTS, and Honda Accord. The new project will allow Taiho to supply polymer-coated bearings and produce a completely new vacuum pump product line.

“Any Taiho facility worldwide could have supported this expansion; we are very pleased that the Tiffin location was chosen for both projects,” Taiho President and COO Nick Isogai said. The Ohio location was competing with other Taiho locations in Japan, Thailand, and Tennessee for the project.

The five-year, fifty percent municipal income tax credit — also known as the New Jobs Program — approved today is expected to be worth up to $37,000 over the term. In addition, the company’s existing Ohio Job Creation Tax Credit from its $13 million expansion in 2012 will capture the new activity and provide additional benefit to the company.

“Tiffin’s economy is surging. The resources available for projects like this are one of many reasons why Tiffin’s industries are expanding, and I am happy that Taiho was able to qualify for the credit,” Tiffin Mayor Aaron Montz said. Seneca County Commissioner Holly Stacy was also thrilled at the news, “We’re excited about the number of Seneca County residents that are Taiho employees, and that the number will be growing.”

Financial support for the project was also provided by JobsOhio and the Toledo-based Regional Growth Partnership in the form of a $35,000 state Economic Development Grant. Dean Monske, President & CEO of the Regional Growth Partnership, was pleased with the announcement. “Tiffin and Seneca County continue to be a strong economic development engine in northwest Ohio, and we were happy to support the project.”

About Taiho Corporation of America

Taiho is a global Japanese automotive supplier of bearings and bushings that has its headquarters in Toyota City, Aichi Prefecture, Japan. Founded in 1944, it currently has more than 1700 employees and over $1 billion in global sales is a $50M+ company in sales. It established its North American presence in 1980 and its first overseas manufacturing operations in Tiffin in 1996 as their first overseas base of operations. It currently employs 180 and operates out of a two facility complex in Tiffin’s Northstar Industrial Park with more than 180,000 square feet of space under roof. Learn more at http://www.taihousa.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 at the company’s blog at www.senecasuccess.com.

About Regional Growth Partnership

Based in Toledo, Ohio, the Regional Growth Partnership (RGP) is private, nonprofit corporation designed to drive job creation and new capital investment in northwest Ohio through business attraction, retention and expansion efforts. The RGP also serves as the JobsOhio Northwest network partner, serving as the JobsOhio point of contact and customer service for state incentives for a 17-county region. Learn more at www.rgp.org.

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:

Taiho to hold 2nd Open House and Hiring Event

taiho-2On Monday and Tuesday of next week, the Taiho Corporation of America will hold its second open house and hiring event at its Tiffin, Ohio headquarters.

The event will take place between 1:00 and 5:00 pm on Monday, October 20 and Tuesday, October 21. Everyone in the community and potential job-seekers are invited to attend. Please be aware that the plant tour requires long pants and no open toed shoes.

Those interested in employment can talk with company representatives or send a resume to 194 Heritage Dr., Tiffin, OH.

Taiho Corporation is a $60 million company founded in 1944 that has operations worldwide, employing ca. 1,650 employees. Their first overseas plant was established in Tiffin in 1996, where they manufacture bearings, crank washers, bushings, and piston shoes for the automotive industry. Taiho in Tiffin sits on 20 acres and has two facilities – one that is 117,000 square feet and one at 70,000 sf.  Within the last couple of years, they constructed 40,000 additional square feet of space and indicated they would be adding 45 new positions. The total investment of that expansion was $13 million.

For more information, please check out their US website and their parent company website.