Toyota

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.

 

 

Taiho Corporation of America receives supplier award from Toyota

Taiho.jpg

Accepting the award, Taiho president Nick Isogai and sales manager Ken Kamata.

Recognized for Technology & Development

Press release provided by Taiho Corporation of America

TIFFIN, OHIO (March 20, 2018)  – Taiho Corporation of America, a supplier of engine bearings, bushings, shoe bearings and vacuum pumps, was recognized with an Excellent award from Toyota Motor North America, Inc. (TMNA) at its Annual Supplier Business Meeting (ABM) on March 20.  Held at the MotorCity Casino Hotel in Detroit, ABM brings together approximately 850 supplier representatives from across North America.

We are proud to receive this award from Toyota Motor North America, Inc. This award is for the Technology and Development of Taiho’s newest product, Vacuum Pump that started mass production in 2017. This award will give our team members pride and motivation for the recognition of their daily hard work that they do. – Taiho Corporation of America

Currently celebrating 22 years, ABM allows TMNA to discuss business objectives with direct and indirect suppliers in preparation for its upcoming fiscal year. Each year, TMNA recognizes suppliers who exceeded the company’s expectations in several categories.

“Toyota collaborates with each of our supplier partners in order to build vehicles with the high safety, quality and reliability standards to meet and exceed our customer’s expectation,” said Robert Young, Group Vice President, TMNA R&D Purchasing and Supplier Engineering Development and Cost Planning.  “We are pleased to recognize those in our supply base who exceed our high performance targets and allow us to build ‘ever better vehicles’ for our North American customers.  We thank them and their team members for their tremendous support, partnership and commitment to continuous improvement and collaboration.”

About Toyota

Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 36 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 47,000 people (more than 37,000 in the U.S.).  Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold more than 2.7 million cars and trucks (2.4 million in the U.S.) in 2017 – and about 87 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

Toyota partners with community, civic, academic, and governmental organizations to address our society’s most pressing mobility challenges. We share company resources and extensive know-how to support non-profits to help expand their ability to assist more people move more places. For more information about Toyota, visit www.toyotanewsroom.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.

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.