updated: 8/1/2007 5:52:29 AM
TI Automotive Systems says it plans to expand its operations in Ashley, creating 64 new jobs. The U.K.-based company will invest $1.7 million to add to its brake and fuel line manufacturing operation. The company says the expansion will increase employment by more than 30 percent.
Source: Inside INdiana Business
ASHLEY, Ind. (July 31, 2007) – TI Automotive Systems, a global supplier of integrated fuel storage and delivery systems for the automotive industry, announced today it will expand its operations here, creating 64 new jobs.
The U.K.-based company is investing $1.7 million to install equipment, adding to its brake and fuel line manufacturing operation.
“We emphasize small town participation in our economic development activities and today is evidence that small towns are playing a vital role in our economic comeback,” said Governor Mitch Daniels.
TI Automotive, which currently employs 230 at its Ashley facility, supplies brake and fuel components to GM, Ford and Chrysler.
“The expansion will increase employment by more than 30 percent,” said Lori Casiano, plant manager for TI Automotive in Ashley.
The Indiana Economic Development Corporation offered TI Automotive up to $85,000 in training grants based on the company’s expansion plans. The Town of Ashley offered tax abatement on the $1.7 million investment.
"We are pleased that TI Automotive continues to expand its workforce at the Ashley facility,” said Randy McEntarfer, Ashley town council president. “This growth builds on our strong manufacturing skills base in the area.”
The DeKalb County Economic Development Partnership (DCEDP) has been working with all involved parties to facilitate this expansion project.
Effective June 1, 2006, the eight communities of Ashley, Auburn, Butler, Corunna, Garrett, Hamilton, St. Joe and Waterloo and the balance of DeKalb County began hosting a full time, county wide local economic development organization (LEDO). Partnership staff are available to assist with base employer attraction and retention/expansion projects. More information about the Partnership is available at www.dekalbcountyedp.org.
About TI Automotive Systems, LLC
TI Automotive is the world’s leading supplier of fluid storage, transfer and delivery systems, including brake, fuel and air conditioning applications. With headquarter locations in Warren, Mich., and Oxford, England, the company employs more than 16,000 people at more than 110 facilities in 28 countries on six continents.. For more information about TI Automotive Systems, LLC, visit www.tiautomotive.com.
The Indiana Economic Development Corporation is the state’s premier entity charged with economic development. The IEDC has a 12-member board chaired by Governor Mitch Daniels. Indiana Secretary of Commerce Nathan Feltman is also chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.IN.gov.
Source: DeKalb County Economic Development Partnership