JTEKT North America, a global supplier of automotive systems, is investing $50 million in its Richland County Koyo brand bearing manufacturing facility during the next five years.
The Greenville-based company, founded in 1958, supplies driveline components, bearings and machine tools to the automotive, industrial and aerospace markets from 17 manufacturing sites.
“Richland County is grateful for this new investment from JTKET,” Richland County councilman Paul Livingston, chair of the council’s economic development committee, said in a news release. “We congratulate JTEKT on this milestone and look forward to the company’s continued success in the county.”
JTEKT opened its Richland County plant, which manufactures automotive hub units, in 1994.
“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 of JTEKT North America’s bearings business unit. “Our investment in the Richland facility supports our ‘Customer First’ focus to provide the highest-quality hub units.”