Fastener Manufacturer Expanding in Indiana
OSR Inc., a manufacturer of automotive fasteners, plans to increase its manufacturing production in Columbus, Ind. The company, a joint venture between Japan’s Owari Precise Products Co. and Columbus-based Rightway Fasteners Inc., will invest $7 million to construct and equip a new 82,395-square-foot manufacturing facility. OSR plans to add up to 12 new positions and is hiring immediately for positions in heat treatment and IT. Production is scheduled to increase at the beginning of 2020. OSR, which currently has 29 employees, specializes in M4 to M9 cold-forged fasteners, primarily for Toyota.
The new facility, which increases OSR’s footprint by more than 40,000 square feet, will allow the company to produce a broader range of metal fasteners. Construction is expected to begin immediately, with completion targeted by the end of 2019. Approximately $2 million of the investment is dedicated to new manufacturing and quality equipment.