Auto Parts Maker Announces ExpansionPosted: Updated:
A Michigan-based automotive parts manufacturer plans to add 120 jobs by 2016 with an expansion in Hartford City. Mayco International LLC is looking to invest nearly $3 million to improve facilities in Blackford County and boost production. December 12, 2013
HARTFORD CITY, Ind. - Mayco International, LLC, a designer and manufacturer of interior and exterior automotive parts and systems, announced plans today to expand its operations here, creating up to 120 new jobs by 2016.
The Sterling Heights, Mich.-based company will invest $2.88 million to renovate and increase capacity at its 110,000 square-foot facility located at 1701 W. McDonald Street in Hartford City. The facility improvements, with new equipment slated to be operational by February, will allow the company to fulfill increased client orders for automotive sunshades and other lightweight systems.
"When global companies like Mayco consider where to locate new jobs, they have a world of options," said Governor Mike Pence. "Yet, those choices continue to lead them right back to Indiana. Through sound fiscal stewardship, Indiana has built a business climate that supports growth. From our talented workforce to low taxes, there's a reason why Indiana is a state that works."
Mayco, which currently employs more than 6,000 associates around the world, is currently hiring production operators and maintenance associates. Interested applicants may apply by visiting a WorkOne center or online at www.IndianaCareerConnect.com.
"Indiana, home of a world class workforce, has been a very user-friendly state with which to work," said Nick DeMiro, president of Mayco. "We have had many strategic discussions with the IEDC over the years, and I am proud that we are now able to grow our business in our Hartford City facility. This is great news for our people as well as for the community."
Mayco and its affiliates design, engineer, tool and manufacture products for original equipment manufacturers and other tier 1 automotive suppliers at its 47 facilities across seven countries. Specializing in the development and manufacturing of automotive parts for interior trim applications in Hartford City, the location aims to begin producing more light weight products for automotive applications. Mayco was named a finalist earlier this year for the Supplier of the Year Award for World Class Manufacturing from Chrysler Group LLC.
The Indiana Economic Development Corporation offered Mayco International, LLC up to $880,000 in conditional tax credits and up to $80,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Hartford City approved additional incentives at the request of the Blackford County Economic Development Corporation.
"Hartford City is proud to be part of Mayco's global strategy," said Hartford City Mayor Ben Hodgin. "The company's investment in real estate and equipment shows a strong long-term commitment to the Hartford City plant. We applaud Mayco's expansion as another example of companies succeeding and growing in Hartford City."
Mayco's growth follows the announcement last week that homegrown-Hoosier automotive supplier Adkev will invest $11 million into its Monticello, Ind. facility, doubling its production capacity. Joined by Governor Pence, the company announced it will create up to 60 new jobs at its injection and insert molding operations.
Mayco International, headquartered in Sterling Heights, Michigan, is a Tier 1 supplier with more than 6,000 employees in 47 plants across the USA, China, India, Russia, South Africa, South Korea and Australia. We provide design and advanced engineering services, tooling, manufacturing and assembly, sequencing and logistics, as well as systems integration services. For more information visit www.maycointernational.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corp.