A global automotive supplier is investing $58 million to build a new facility in Putnam County that could create 550 jobs.
Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd announced this week that Ficosa North America will build the facility in Cookeville.
Ficosa's existing Tennessee plant in nearby Crossville produces mirror assemblies for Nissan, Ford, Volkswagen, Fiat Chrysler, General Motors and other auto manufacturers.
Officials say the company will transfer the existing jobs to the new Cookeville facility, which will increase production capacity and allow components currently made in China and Mexico to be made in Tennessee.
Ficosa is expected to begin limited production from the new factory in mid-2016.