Auburn Hills, Mich.-based Teijin Automotive Technologies is investing $110 million in a new 164,400-square-foot facility to dwelling a paint line and assembly capabilities close to its Huntington, Ind., facility.
Teijin purchased 30 acres across Indiana Highway 9 from the firm’s existing 350,000-sq.-foot manufacturing facility, which at the moment functions compression molding, bonding, water jetting, sanding and priming, the business explained in a Might 12 news launch.
“As desire for our impressive, lightweight elements proceeds to expand, we have the option to incorporate abilities and ability to meet existing and long term buyer requirements,” Steve Rooney, Teijin CEO, and normal manager of Teijin’s composites company device, mentioned in the release. “This web-site in the vicinity of to our existing Huntington facility designed sense simply because there was land available, and we understood we could obtain a proficient workforce.”
The new facility is predicted to be complete, which include all equipment installations, by December 2023, and will generate about 110 work when functions start off in April 2024, the release claimed.
The new establish will produce extra than 200 work opportunities at complete employment, it extra.
The overall expense involves the land, setting up and gear.
Teijin Automotive Systems makes superior composite elements, like carbon- and glass-fiber strengthened plastics, for the global automotive and transportation industries. The corporation has 29 operations in 8 nations around the world and employs far more than 5,000.