Auto Supplier Plans Muncie Expansion
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowMichigan-based Magna Powertrain of America Inc. is expanding in Delaware County. The automotive supplier says it plans to add 50 jobs in Muncie by December 2015 as part of a $15.5 million investment. May 29, 2014
News Release
MUNCIE, IN (May 27, 2014) – The Muncie-Delaware County Economic Development Alliance announced today that Magna Powertrain of America, Inc., an automotive parts and systems supplier, plans to expand its operations in Muncie-Delaware County, IN, creating an anticipated 50 new jobs by December 2015.
The Troy, Michigan-headquartered company will invest $15.5 million to add new equipment in its 200,000 square-foot manufacturing facility located at 4701 S. Cowan Road in Muncie. The investment, which will be complete by 2015, includes the purchase of new laser welders and other manufacturing equipment to support increased business.
Magna Powertrain, which has approximately 300 full-time employees at its Cowan Road facility, will begin hiring in the third quarter of 2014. Interested applicants can apply online at www.magna.com/careers.
“The additional expansion of this Muncie facility demonstrates the trust our customers have in our capabilities as a powertrain systems supplier,” said Jake Hirsch, president of Magna Powertrain. “We are very proud of the commitment our employees have towards world-class manufacturing and quality.”
Magna Powertrain is an operating group of automotive parts supplier Magna International Inc. and produces powertrain systems and components for the global automotive industry. The company, which operates two facilities in Muncie, produces about 35,000 drivetrain components daily at its Muncie facilities.
“Magna's continued growth is encouraging news for our community. It demonstrates that their local facility, having gone through 4 expansions, is a high-performer and thus a choice location for new investment. Magna is the type of company that every economic development organization seeks to attract. We are fortunate to have them in Muncie-Delaware County,” said Jay Julian, Chief Economic Development Officer, Muncie-Delaware County Chamber of Commerce and Economic Development Alliance (EDA).
The Delaware County Council approved five-year tax abatement on the equipment investment at its regularly scheduled meeting at the request of the Muncie-Delaware County Economic Development Alliance.
“We are excited about this investment and pledge our present and future assistance to help the Muncie facilities grow and prosper. MPT-Muncie continues to grow in our community and, with this expansion, it will become our largest manufacturing employer in the county,” said James King, President of the Delaware County Board of Commissioners.
Today's announcement marks Magna Powertrain's fourth expansion in Muncie in recent years. Magna's investment in Muncie-Delaware County since its opening in 2005 now exceeds $130 million.
“Magna's decision to expand in Muncie-Delaware County speaks volumes to the quality of the labor force and the positive business environment offered in our community and the State of Indiana,” said Terry Murphy, Vice President, Economic Development for the EDA.Source: , Muncie-Delaware County Chamber of Commerce and Economic Development Alliance