By Kristy Zurbrick, Madison Editor
A Mount Sterling manufacturing plant is poised for a major expansion.
Keihin Thermal Technology of America (formerly Showa Aluminum) makes parts for Honda vehicles at its 75,000 square-foot facility on O’Day Harrison Road. The company plans to add another 100,000 square feet to the facility this year.
On March 10, the Madison County commissioners, Mount Sterling village officials and Jerry Alcott, owner of Mount Sterling Holdings LLC, the property’s developer, signed an enterprise zone agreement granting Keihin a 10-year, 75 percent property tax exemption on the expansion.
As part of the agreement, Keihin will create 90 new, full-time jobs over the next three years.
The agreement is contingent on Keihin accepting incentives for the project through Jobs Ohio and the state’s Development Services Agency. David Kell, Madison County’s economic development director, said the incentives process is due for completion by the end of March.
With incentives in place, construction will begin in April and wrap up in late October. Sims Construction of London is the contractor. Alcott estimates the project will cost $5 million.
“It’s a very positive thing for Mount Sterling,” Alcott said, praising the cooperation among all parties involved.
Kell and representatives from Columbus 2020 helped to craft the agreement. Kell represents Madison County Future Inc., the economic development arm of the Madison County Chamber of Commerce. Columbus 2020 provides economic development assistance to 11 counties in central Ohio.
“I just want to personally thank everybody for their interest in Keihin Thermal Technologies and the future of Ohio,” said Mount Sterling Mayor Charlie Neff.
Neff added that Keihin not only contributes to the local economy but also to the local community through service projects.
Keihin is located in the Madison-Plains Local School District. Tim Detwiller, school district treasurer, said he is excited about the company’s expansion.
“Our enrollment has been declining… We hope the new jobs will bring more students,” he said.