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Expansion plans for IAF move forward


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An architectural rendering provides a glimpse into Indiana Automotive Fasteners Inc.'s future as a $21.7 million, two-phased expansion project gets under way this month that will add office space, expand the facility's manufacturing plant and add 25 jobs over the next two years. (Illustration provided)
An architectural rendering provides a glimpse into Indiana Automotive Fasteners Inc.'s future as a $21.7 million, two-phased expansion project gets under way this month that will add office space, expand the facility's manufacturing plant and add 25 jobs over the next two years. (Illustration provided)


GREENFIELD — Indiana Automotive Fasteners hopes to have its $21.7 million expansion under way at Franklin Street and New Road by month’s end.

“We hope to break ground within the next two weeks,” said Blade Hauth, architect for Takenaka Corp. USA, the general contractor for the project.

If all goes well, construction on the two-phase project will be completed in August 2015, Hauth said. The project includes new office and manufacturing space, redesigned parking and water retention areas.

The Greenfield Plan Commission unanimously approved IAF’s detailed unit development plan Monday, paving the way for construction to start.

“We’re very happy to see it,” said city planning director Joanie Fitzwater. “It increases our tax base and helps our job numbers. We’re excited about it.”

Phase one of the project includes construction of a new 45,000-square-foot office building on the south side of IAF’s facility and reconfigured parking there.

The new space will include a cafeteria, health-care facility, training and locker rooms and a conference facility.

Phase two will add nearly 49,000 square feet of additional manufacturing space, also on the plant’s south side.

Hauth said construction would be continuous through both phases of the expansion until the entire project is completed.

The project also includes landscaping improvements: Trees will be planted along Franklin Street, and an 8-foot-wide path will be installed along New Road as part of the city’s plan to continue a trail east to Hancock Wellness Center, Fitzwater said. Work already is wrapping up on a trail extension at Broadway Street and New Road that will link the wellness center with a path that extends all the way to Greenfield-Central High School.

 

With the expansion, IAF said it will add at least 25 manufacturing jobs over the next two years with an average beginning hourly wage of $13.24 that would be increased to $14.40 an hour after six months of employment.

 

The company has said the expansion is necessary because of increased demand from its customers.

IAF makes about 1,400 types of fasteners used on a variety of vehicles. Toyota is the company’s largest customer, officials say.

The project will be the second major construction effort for Takenaka in Hancock County in the last year.  

In December, the company completed Tsuda Industries’ 155,000-square-foot, $56.2 million manufacturing plant just north of University Loft Co. off CR W 300N.

Takenaka is one of Japan’s leading design/construction firms with a history that spans 400 years, according to Takenaka’ website.

In March, the Greenfield City Council approved a $1.7 million tax break over 10 years for IAF in anticipation of the company’s expansion project.

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