Mitsubishi Heavy Industries Ltd. plans to close its facility in Franklin and lay off more than 80 employees.
In a notice to the state, the company said the Mitsubishi Heavy Industries Climate Control plant will shut down at the end of the year.
The Franklin facility opened in 2015. It makes turbochargers and compressors for car air conditioning systems, according to Inside Indiana Business.
Mitsubishi Heavy Industries says the facility is closing "due to lack of sales and no future business."
Layoffs will begin in March and extend through the end of the year.