Two Japanese companies would establish new operations in southwest Ohio, creating 164 new jobs, under tax credits approved this week by the Ohio Tax Credit Authority.

        Mitsui Marine Management (USA) Inc., which acquired the Japanese division of Great American Insurance Co. in April, is in the midst of acquiring Sumitomo Marine, which has offices in New Jersey, and is planning to consolidate operations in one location.

        The company is looking at sites in Cincinnati, Northern Kentucky and New Jersey. It wants to lease a 45,000 square-foot building, create 129 jobs over three years, and retain another 114 jobs under a 65 percent, 10-year tax abatement approved by the authority. The city of Cincinnati will also grant a 10-year abatement of the city's 2.1 percent income tax and an Enterprise Zone tax exemption.

        Takumi Stamping Inc., a new company created by Pacific Industrial Co. and Takagi Manufacturing Co. Ltd., received a 55 percent, six-year abatement for creating 35 new jobs for a Fairfield plant that will produce metal parts such as brackets and hose clamps for the auto industry. Takumi will locate on Seward Road.
       

Shareholders sign off on sale

               Shareholders of Structural Dynamics Research Corp. have approved acquisition of the Milford software company by Electronic Data Systems Corp., the second-largest U.S. computer services provider.

        SDRC, which employs about 900 in Milford, said the shareholder approval should pave the way for completion of the deal within a week.

        Plano, Texas-based EDS agreed to pay $950 million, or $25 a share, to acquire all of SDRC's shares in May. — From staff reports

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