W.I.N. Column: U.S. Tsubaki
- 11 September 2012 by Chuck 0 Comments
U.S. Tsubaki will be making an investment to expand operations and create additional jobs at their location at 821 Main Street in Holyoke. The investment was approved locally by the City Council on September 4, as a Certified Project and will receive Tax Increment Financing (TIF) as part of the Commonwealth’s Economic Development Incentive Program (EDIP). The 20,000 (approx.) square foot building expansion cost is estimated at $1M and the equipment investment is projected at $5M-$6M. The expansion will upgrade the batch and belt heat treat furnaces in the facility.
U.S. Tsubaki, a subsidiary of Tsubakimoto Chain Company, was founded in 1971. Their Holyoke facility was purchased in 1988 and produces roller chain for the U.S. and global market. The Holyoke facility provides full-time manufacturing jobs to 175 people, the average hourly rate is close to $20/hour and benefits (medical, vacation, pension contributions) are highly competitive.