Auto parts supplier to expand its Fairfield facility
December 24, 2013 by John
Takumi Stamping, which supplies auto parts to Toyota, built its fairfield plant four years ago, and now plans to expand.
Its facility currently comprises 120,000 square feet, which it will increase by an additional 46,000 square feet. The plant is headquartered north of Symmes Road, on Seward Road, where it built in 2009 after it outgrew the space it was renting.
Fairfield’s City Council agreed this week to give Takumi a property tax abatement of 75% over five years, in return for the company’s increasing its payment to the city’s school system. Takumi will increase its payment to $28,500, an amount it will pay each year through 2019.
Tash Tashima, who is project manager for Takumi, described Fairfield as a ‘business friendly city’ and said the company was happy to be here. The projected expansion will cost approximately $3.6 million, and will provide 13 new jobs to the community; the 325 jobs already at the facility will remain. The company’s payroll now stands at $11.5m, which will increase by $351,000 when the new employees join the company.
Takumi plans to use the additional space for warehousing and production, with construction slated to begin early in 2014, with completion forecast for the summer. Fairfield’s economic development manager, Greg Kathman, called Takumi a “good company” noting at has expanded since arriving in Fairfield.
Takumi could work with brochure printers to devise a mailer for area residents, describing the expansion and the jobs it will have available, along with the qualifications sought.