Indiana Wheel Corp. (IWC), a manufacturing company specializing in the production and distribution of steel wheels, plans to establish operations in Plymouth, Ind., and create up to 117 new jobs over the next few years. The company, which is a joint venture led by China’s Jingu Company Ltd., will invest approximately $23 million to purchase, renovate and equip a 300,000-square-foot production facility in Plymouth. The plant will include more than $14.5 million of specially designed equipment to support IWC’s manufacturing operations for the trailer and RV industries. Upgrades will begin this summer with production expected to start later this year.
With its investment in IWC, Jingu will add a major U.S. location to complement its global steel-wheel manufacturing operations. Jingu, the largest steel-wheel manufacturer in China, is a tier-one supplier for General Motors, Volkswagen and Ford.
Report Abusive Comment