JTEKT Automotive invests $218.5 million to expand its manufacturing facility in Monroe County, Tenne

Specifications:

Name:

JTEKT Automotive invests $218.5 million to expand its manufacturing facility in Monroe County, Tenne

Location:

Monroe County, Tennessee

Company:

JTEKT Automotive

Estimated Cost:

$218.5 million

Source:

areadevelopment.com

Introduction:

JTEKT Automotive Tennessee, manufacturer which operates as a subsidiary of JTEKT Corporation plans to invest $218.5 million to expand its manufacturing facility in Monroe County, Tennessee.

Features:

JTEKT Automotive Tennessee, company that manufactures high quality hydraulic, manual and electric steering parts for both foreign and domestic automakers. This $218.5 million expansion will create 50 jobs in Vonore, Tennessee.

JTEKT plans to accommodate its growing market and meet future and current needs with this expansion. The new facility will be producing the next generation steering for customers such as Toyota, BMW, Honda and Nissan. The company plans to start production for its new facility in September 2016.