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GKN Sinter Metals, a manufacturer of powder-metal products for the automotive industry, announced plans to expand its operations in Salem, Ind. The company will invest approximately $6.9 million to update equipment and renovate its 220,000-square-foot facility, creating up to 24 new jobs by 2020.

The new equipment will allow GKN Sinter Metals to increase production of eight-speed and 10-speed transmissions. The first round of enhanced equipment was installed this year, with the second phase scheduled to begin in 2017.

The company also plans to make interior and exterior enhancements to its existing building, including a room to showcase current advanced-manufacturing technologies.