Chinese Wheel Manufacturer Investing $31.3M

Chinese Wheel Manufacturer Investing $31.3M

Jingu North America Corporation was approved at a Plymouth City Council meeting for a ten-year phased in tax abatement. Jingu North America is a steel OEM wheel manufacturer for cars and trucks. The new business is located within the same facility as Indiana Wheel Company at 2935 VanVactor Drive in Plymouth Indiana.

The tax abatement supports a $31,333,000 capital investment in automated robotic equipment to manufacture steel wheels for OEM car and light trucks. Jingu North America Corporation will be installing an expected 26 large high-tech robots to produce steel wheels. The equipment will have a capacity of 2,000,000 car or 1,000,000 heavy truck wheels to be run alternatively on the same equipment. Jingu North America Corporation is expected to hire 80 new employees at an hourly wage of $21.57 per hour before benefits because of the expansion and production needs.

“This large capital investment by Jingu North America Corporation to onshore their manufacturing and bring 80 high paying positions to Plymouth is great news while many are still struggling with the economic effects of the pandemic,” said Plymouth Mayor Mark Senter. “I am happy and appreciate the council members approving the ten-year tax abatement for Jingu North America Corporation and welcome this new corporate citizen to the community.”

Jingu is a Chinese original equipment manufacturer of steel wheels for cars and trucks. This is a substantial investment in onshoring manufacturing, which will provide high paying jobs for the area. Onshoring is the practice of bringing production to this country from an overseas facility which has recently elevated activity due to US tariffs. Indiana Wheel Company is a new start up that has been manufacturing steel wheels at the Plymouth location for the RV industry for 18 months. This new manufacturing line for Jingu North America Corporation will be at the same location but is a separate noncompeting business.

“Marshall County Economic Development Corporation is excited about the additional high tech jobs that this investment will be bringing to the county,” said Jerry Chavez, President/CEO of Marshall County Economic Development Corporation. “The fact that this operation and investment comes from abroad allows Marshall County to market the area and showcase that we are experienced in reshoring opportunities.”

The ten-year phased in personal property tax abatement will phase in the value of the equipment, 10% per year. The net effect of this type of tax abatement is that the city will gradually realize the increase in assessed value. The assessed value increase effects the tax rates for the community. A 100% tax abatement keeps the added assessed value off the tax rolls for the life of the abatement.

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