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American Mitsuba Corporation Growing in Allen County

May 23rd, 2012

News Coverage:

American Mitsuba Corporation, Growing Again in Allen County

The company will add new equipment, additional warehouse space, and 25 jobs

Fort Wayne, Ind. May 23, 2012 — American Mitsuba Corporation will be announcing a major investment in Allen County. The company’s proposed investment totals $8.3 million, which includes new equipment and a warehouse expansion. This investment will allow the company to add 25 new core associate positions. The company’s operation is located at 21600 Monroeville Road in Monroeville, Indiana.

American Mitsuba has proposed a 74,300 square foot addition to their North American Logistics Center (NALC). The company also proposes the addition of new manufacturing, product testing, logistical, and information technology equipment to expand its production capabilities and to capture new parts supply contracts. The company plans to complete the final phase of its investment by 2015. The NALC expansion would begin in 2012. MITSUBA Corporation’s Monroeville location, formerly known as CME Automotive, LLC, is one of four North American locations. This American Mitsuba location focuses on manufacturing, product testing, and distribution of automotive parts utilizing its North American Logistics Center.

“The new warehouse, equipment, and associates (employees) will allow us to better meet the demand of our current and new customers,” stated David Stevens, Senior Vice President of American Mitsuba.

Mishel Ashtary, AMC Vice President and Monroeville Plant Manager stated, “The Town of Monroeville has always been supportive of our efforts in the community and has worked with us to make the operations here as cost competitive as possible so that we could continue to invest and win business from competitors around the world.”

“The investments in new equipment, additional warehousing, and 25 core associate positions are exactly what people in the Monroeville area need to see continued growth in our town,” said Don Gerardot, Monroeville town council president. “We are excited to have American Mitsuba investing and growing in our community once again.”

The company is eligible for a ten year property tax abatement. The Monroeville Town Council will consider phasing in both real and personal property taxes associated with the project. American Mitsuba could save approximately $573,800 while still paying over $495,000 in local property tax over ten years. The company would continue to pay taxes currently imposed on prior investments plus the phase-in of taxes on the new investment.

The State of Indiana has provided support for the company’s training efforts and investment through the Indiana Economic Development Corporation which was critical to the decision made to place these investments in Monroeville rather than at the company’s other North American facilities. The State’s focus is on increasing the number of full-time Indiana residents employed at the facility.

About American Mitsuba Corporation

American Mitsuba Corporation (AMC) associates design, manufacture and sell DC (direct current) electric motors, actuators and electrical components such as windshield wiper systems, electric power steering assist motors, power slide door motors and actuators, horns, relays and many other similar products. AMC is certified under the ISO /TS16949 quality management system. To learn more about American Mitsuba Corporation, visit www.americanmitsuba.com.

About the Alliance

The Fort Wayne-Allen County Economic Development Alliance began in 2000 as the lead organization for economic development activities throughout the county. We are a not-for-profit organization supported by Allen County, the City of Fort Wayne, the Greater Fort Wayne Chamber of Commerce and the Fort Wayne-Allen County Airport Authority. The Alliances goal is to further the base employment of Allen County through business retention, expansion and attraction projects. To learn more about the Alliance, visit www.theallianceonline.com.

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