Italian Companies Invest in Indiana
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTwo Italian auto suppliers have announced plans to bring operations to Indiana. OMR Automotive says it will invest $10 million into a new operation in Speedway and create up to 60 jobs by 2016. Also, Sirmax has announced it will locate its first North American production facility in Anderson. The company plans to pump $25 million into the project and add 50 jobs. Both announcements were made during Governor Mike Pence's economic development mission today at the North American International Auto Show in Detroit. January 15, 2015
News Release
DETROIT, Mich. – Governor Mike Pence joined executives from Brescia, Italy-based OMR Automotive, a tier 1 automotive supplier for the Fiat Group, in Detroit today to announce the company’s plans to locate its North American headquarters in Speedway, Indiana, creating up to 60 new jobs by 2016.
“OMR’s North American headquarters will be in great hands with Hoosiers in the driver’s seat,” said Pence. “Indiana’s motor vehicle industry is prominent around the world. Japanese companies like Toyota, Honda and Subaru helped launch the international automotive presence in Indiana that has multiplied in recent years to now include Italian companies like OMR, proving Indiana is a state that works for the automotive industry.”
OMR Automotive will invest $10 million to construct a 43,000 square-foot facility on its 2.5-acre campus located at 4755 Gillman St. in Speedway, which includes the installation of new equipment and advanced manufacturing technologies. The company also purchased an additional 2.5 acres located at 4743 Gillman St. for future expansion. As OMR's fifth location outside of Italy, the company expects to begin construction on its Speedway facility by April, with operations launching by the end of the year. The operation will house the company's machining and assembling of automotive components for engines, transmissions and chassis.
“Indiana stands out as the ideal place for our North American home base, situated in Speedway, a town known the world over for its legacy in auto racing,” said Marco Bonometti, chairman of OMR. “Our team looked across the region for a place that would maximize growth opportunities for our world-class manufacturing operations, building parts in cars on roads all around the world today. We were impressed with the tax structure and affordable business climate in Indiana, and look forward to a long future here.”
Employing more than 1,800 associates in Italy and 1,200 around the world, the company will begin hiring engineering, administration, production line and quality control professionals as well as machine operators and skilled equipment mechanics in Speedway by the end of the year.
Established in 1919 and still 100 percent owned by the Bonometti family, OMR is a tier 1 components supplier of engines, suspensions, gears, braking systems, chassis and integrated systems for the automotive industry. With 10 locations in Italy, as well as locations in India, China, Brazil and Morocco, the company is a worldwide supplier for original equipment manufacturers in the Fiat Chrysler Group including Fiat, Lancia, Alfa Romeo, Chrysler, Jeep, Ferrari and Maserati. The company also serves automotive customers including General Motors, Volkswagen, Ford and Toyota.
“Given the town of Speedway’s racing history and automotive roots, it is a complete privilege to welcome such a well-known and successful international industry leader to open its first and only headquarters in North America,” said David Lindsey, Speedway Town Council president.
The Indiana Economic Development Corporation will provide the Speedway Redevelopment Commission with up to $1,000,000 in infrastructure assistance from the state's Industrial Development Grant Fund. The town of Speedway and Speedway Redevelopment Commission will consider additional tax abatement.
Today Pence is leading a one-day economic development and jobs mission to the North American International Auto Show in Detroit, where he is sharing Indiana’s story as a state that works with executives representing some of the biggest names in the automotive industry. The Indiana automotive industry produced more than 1.1 million cars and light trucks in 2013 and ranks second in the nation for automotive gross domestic product. Vehicle and automotive parts exports remain Indiana’s largest export industry, ranking it in the top five exporting states of motor vehicle parts and accessories in the United States.
About OMR
Since 1919, Officine Meccaniche Rezzatesi have carried out mechanical work for the automotive industry, and today they are the main interlocutor for the leading producers of the sector, supplying them with components for engines, suspensions, gears, braking systems, chassis and integrated systems.
The added value, acquired throughout the years, is shown by the great cooperation and feelings of trust that have been established with clients, enabling the company to design and realize components in “co design,” as well as a high level of customization. For more information, visit http://www.omrautomotive.com/en/.
About IEDC
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.
January 15, 2015
News Release
At the 2015 North American International Auto Show in Detroit, Governor Mike Pence, Massimo Pavin, Sirmax's chief executive officer, and Mayor Kevin S. Smith announced the arrival of Sirmax North America, Inc. to Anderson, Indiana. Sirmax’s first North American production facility will bring over $25 million in investment and 50 jobs to the central Indiana city.
“We welcome Sirmax to Anderson. Sirmax is an important Italian company with factories in Brazil, Poland, Italy and now USA. Sirmax's announcement marks Anderson's continued record job growth, our success rebuilding the former Guide Lamp site, and our growing world-‐wide reputation for being a great place for new business,” stated Mayor Kevin S. Smith.
Founded in 1964 under the name SIRTE, Sirmax, a Cittadella, Italy-‐based company, produces and supplies plastic compounds and resins used in the automotive, home appliance, electrical and furniture industries, and has grown to be the second largest independent polypropylene compounder in Europe. Since 2005, Sirmax has grown to operate five manufacturing and sales facilities across the globe, including three facilities in Italy, a facility in Poland and a facility in Brazil, in addition to sales subsidiaries in Germany, France and Spain.
“The City of Anderson, Mayor Smith, and the City's Economic Development team have won our trust and our business with their relentless commitment to meeting our needs toward our success in the US and North American market. Without their help this would not be possible. We look forward to a long and successful partnership with Mayor Smith and the City of Anderson,” said Massimo Pavin.
Sirmax has already begun the process of building a new 141,000 square foot facility on the former GM Guide Lamp factory located in Anderson which is a brownfield that is currently owned and marketed by RACER Trust. With construction commencing in the coming months, the compa