Auto parts plant to expand in central Indiana

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News,Business

MOORESVILLE, Ind. (AP) — A Japanese company plans to expand a central Indiana auto parts factory, saying it expects to add about 220 jobs in the coming year.

TOA Industries Co. says it will spend about $72 million to build and equip a 360,000-square-foot addition of manufacturing and warehouse space at its existing factory in Mooresville.

The company says it now has more than 450 workers in Indiana. The factory in the city just southwest of Indianapolis supplies suspension and frame parts to customers including the Subaru factory in Lafayette and Toyota's plant near Princeton in southwestern Indiana.

TOA Industries says its Mooresville expansion is expected to be complete in three phases, with the first phase operational by the end of this year.

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