JTEKT North America, a global supplier of automotive systems and driveline components, bearings and machine tools, is investing in its Koyo brand bearing manufacturing facility in Richland County.
The company expects to invest $50 million in the facility over a five-year period.
“Richland County is grateful for this new investment from JTKET,” said Richland County Councilman Paul Livingston, Chair of the Council’s Economic Development Committee. “We congratulate JTEKT on this milestone and look forward to the company’s continued success in the County.”
JTEKT North America, headquartered in Greenville, operates 17 manufacturing sites that supply the automotive, industrial and aerospace markets under the brands of JTEKT, Koyo bearings, Torsen high-performance differentials and Toyoda machine tools. The Richland facility opened in 1994 and manufactures high-quality hub units for automotive customers.
“Our investment in our Richland County facility is a testament to the collaborative relationship JTEKT has with Richland County and to the highly motivated and skilled workforce in the area,” said Gary Bourque, Senior Vice President, Bearings Business Unit, JTEKT North America. “Our investment in the Richland facility supports our ‘Customer First’ focus to provide the highest quality hub units.