Plant plans $20M expansion
American Fine Sinter announced Tuesday afternoon the company is to make a $20 million expansion.
According to a Seneca Industrial and Economic Corp. release, the company, 957 N. CR 11, is adding two production lines which are to require new equipment and create 25 jobs.
Tiffin’s location competed with a Tennessee site for the expansion.
AFS President Masuyaki Yamamoto attributed the company’s growth to customers, employees and the community.
“Our business base is expanding,” he stated in the release. “We are thankful to have dedicated employees and the backing of the Tiffin community, which allow us to advance.”
AFS last expanded in 2014, investing $25 million and adding 24 jobs. The company, established in 2001, has 246 employees.
The release states the project is to provide equipment to produce mid- and high-torque carriers for the Toyota Highlander, RAV4 and Camry, using technology developed by Toyota and will make Tiffin’s plant one of three in the world to use the process.
SIEDC Development Coordinator Bryce Riggs said AFS choosing to expand in Tiffin instead of expanding elsewhere is a great sign for the community.
“It’s just what you want,” he said. “AFS continues to expand their business and grow in Tiffin.”
Riggs said SIEDC has worked with AFS representatives to connect them with the resources they need for expansion. He said one example was connecting AFS with Tiffin City Schools Superintendent Gary Barber.
“I think understanding their needs and how we can assist them and connect them to resources is crucial,” he said.
Riggs said workforce is one important aspect for the company and connecting them with the local school system can help them continue to recruit employees to fill new positions.
Tiffin Mayor Aaron Montz also was pleased with the news and applauded AFS’ commitment to Tiffin.
“AFS has been a great employer for Tiffin for the past 16 years,” he said in the release. “It is wonderful that they continue to choose to invest and grow here.”