Auburn Hills, Mich.-based Teijin Automotive Technologies is investing $110 million in a new 164,400-sq.-foot facility to residence a paint line and assembly abilities close to its Huntington, Ind., facility.
Teijin procured 30 acres throughout Indiana Highway 9 from the company’s present 350,000-square-foot production facility, which at the moment capabilities compression molding, bonding, drinking water jetting, sanding and priming, the firm explained in a May 12 news launch.
“As need for our innovative, lightweight elements carries on to mature, we have the opportunity to include abilities and potential to meet present-day and future purchaser wants,” Steve Rooney, Teijin CEO, and standard manager of Teijin’s composites enterprise unit, explained in the release. “This web site near to our present Huntington facility created sense due to the fact there was land accessible, and we understood we could obtain a experienced workforce.”
The new facility is predicted to be total, which includes all machines installations, by December 2023, and will build about 110 positions when functions start in April 2024, the launch said.
The new build will create extra than 200 jobs at complete employment, it extra.
The overall financial investment includes the land, building and gear.
Teijin Automotive Technologies would make sophisticated composite parts, such as carbon- and glass-fiber bolstered plastics, for the worldwide automotive and transportation industries. The organization has 29 operations in eight nations and employs more than 5,000.