(November 19, 2010)

Washington County, Tennessee-Koyo Corporation Vice President Steve McCullough has announced the company’s plan to invest $30 million to add 61,000 square feet of space to its Tennessee-based manufacturing facility and to expand the facility’s workforce to 125 employees.

“Our continued growth in the USA automotive market is a testament to the quality and dedication of all of our associates,” said Koyo Vice President Steve McCullough. “2009 was a tough year for everyone but Koyo has positioned itself to take full advantage as the auto industry starts to rebound. Koyo’s Washington County plant is an integral part of Koyo’s Long Term Strategy and Growth."

Koyo Corporation USA is a wholly owned subsidiary of JTEKT Corporation, a world leader in the production of steering systems, drivelines, bearings and machine tools. JTEKT is one of the world’s largest automotive component suppliers and the company’s Koyo USA subsidiary is a Tier 1 and Tier 2 supplier to Toyota, Honda, Ford, GM, Daimler Chrysler, and BMW.

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