Verbatim announcement from the Indiana Economic Development Corp.:
AVILLA, Ind. – Federal-Mogul Corporation (NASDAQ: FDML), a global manufacturer of powertrain, chassis and safety technologies, announced today it will expand its automotive lighting manufacturing operations here, creating up to 50 new jobs by 2010.
The company, which supplies innovative products to the automotive, marine, rail and heavy-duty engine manufacturing markets, will invest more than $6 million in its facility at 100 Progress Way West in the Northeast Indiana town.
“More and more companies are recognizing that Indiana is a great place to do business, and we’re glad Federal-Mogul selected Indiana for this expansion,” said Governor Mitch Daniels.
The Southfield, Mich.-based company, which employs nearly 50,000 workers worldwide and more than 120 in Avilla, will begin hiring additional manufacturing associates in June to accommodate increased business.
“Federal-Mogul Corporation looks forward to increasing its presence and creating jobs in the Avilla community," said Dawn York, plant controller of the Avilla facility. "We would like to thank the town of Avilla, Noble County Economic Development Corporation and the state for their support related to this expansion initiative.”
Founded in 1899, Federal-Mogul is parent to 22 global brands including Anco wiper blades, Champion spark plugs, MOOG chassis parts and Wagner lighting. Associates at the Avilla facility manufacture automotive lighting products including sockets, connectors and back plates under the Zanxx brand.
The Indiana Economic Development Corporation offered Federal-Mogul up to $500,000 in performance-based tax credits and up to $180,000 in training grants based on the company’s job creation plans. The town of Avilla will offer property tax abatement at the request of the Noble County Economic Development Corporation. WorkOne will also provide training assistance to the company.
“We are excited about Federal-Mogul’s decision to grow in Avilla,” said Paul Sheperd, president of the Avilla town council. "We want to thank all of the parties involved who helped Federal-Mogul renew their commitment to our community."
With operations in 35 countries, Federal-Mogul grossed revenues of more than $6.9 billion in 2007 and ranked 355 in the 2008 FORTUNE 500 rankings.
Federal-Mogul’s announcement comes one month after children’s orthopedics developer and manufacturer Orthopediatrics announced its plans to create 100 jobs in nearby Warsaw, Ind.
About Federal-Mogul Corporation
Federal-Mogul Corporation is a leading global supplier of powertrain, chassis and safety technologies, serving the world’s foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket.
The company’s leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs 50,000 people in 35 countries.
About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Indiana Secretary of Commerce Nathan Feltman serves as the chief executive officer of the IEDC. Since Daniels created the IEDC, the state has posted three consecutive years of record-breaking job creation. For more information about IEDC, visit www.iedc.in.gov.
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