Michigan-based Magna Powertrain of America has announced plans to expand its operations in Muncie. The Muncie-Delaware County Economic Development Alliance says the automotive parts and systems supplier will invest $9.3 million to add new equipment to its 200,000-square-foot MPT Muncie facility and create 50 full-time jobs.
The company says the addition of the new equipment will support increased business. The installation of the equipment is expected to be complete by April 2020.
The Delaware County Council has approved a 10-year tax abatement for the project at the request of the EDA.
"Magna has been a proud member of the community since 2006," said Stephen Brand, general manager of MPT Muncie. "The project approved by the Council today is evidence of our commitment to the community and our employees. By planning to create 50 new jobs and invest $9.3 million in personal property, Magna will grow and further solidify its presence in the community."
The company currently employs more than 460 at the MPT Muncie facility. The new jobs are expected to come with an average wage above the county average for manufacturing.