Neturen America Corp., located in Hamilton, Ohio, will receive a $50,000 Rapid Outreach grant (412) for the costs associated with the acquisition of machinery and equipment. Neturen is a newly-created joint venture between Neturen Co., Ltd. and Metal One Corp., both headquartered in Tokyo, Japan.

The investment for this project will be made by Neturen USA, Inc., a wholly-owned subsidiary of Neturen Japan. Neturen plans to construct a 70,000 square-foot manufacturing facility on approximately 10 acres for the production of induction tempered steel spring wire. Product will be sold primarily to Tier 1 and Tier 2 automotive parts suppliers that produce suspension components.

The $13.2 million in machinery and equipment to be purchased includes drawing systems machinery, heat treatment systems machinery, quality control equipment, and related equipment. Additionally, City of Hamilton, located in Butler County, will receive a $200,000 Roadwork Development Grant (629) to complete public roadway improvements in support of Neturen.

The City of Hamilton plans to construct an approximately 1,200 lineal foot extension to Moser Court in the Hamilton Enterprise Park. The new public roadway will provide access to the site where Neturen will locate its facility as well as open additional acreage for future development. Ohio is in competition with Indiana and Kentucky for this project for this $4.85 million project, which is expected to create 26 jobs within the first three years of the project’s initial operation.

The Rapid Outreach Grant (412) is a grant program to assist companies and communities that are creating or retaining jobs in Ohio. The Roadwork Development Account (629) provides grant assistance to communities for highway and road projects related to job creation and retention. The 629 Program is funded with gas tax dollars and is restricted to public road projects only.

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