Home » NEWS » Economic Development » German auto parts maker sets Yellow Creek demonstration

German auto parts maker sets Yellow Creek demonstration

By JACK WEATHERLY

Hago Automotive Corp. scheduled a Thursday demonstration of its operation in Yellow Creek Inland Port North in Tishomingo County that will bring 80 jobs. The announcement comes on the heels of a steel-speciality company’s announcement last week of plant at the port, creating 100 jobs.

Hago, a wholly owned subsidiary of a Germany-based company, will make parts for BMW, company President and Chief Executive Joerg Goeppert said in an interview.

Only four people have been hired for the plant since it was announced in December, Goeppert said.

The plant, in which the company will invest $10 million, will make parts for a new BMW auto and should reach full capacity by the first quarter of 2019, he said.

While the existing 50,000-square-foot plant has a contract with BMW, which has an assembly plant in South Carolina, it is strategically positioned so that in the future it could provide parts for Nissan in Tennessee and Canton, Miss.; Toyota in Blue Springs, Miss.; and Mercedes-Benz in Tuscaloosa, Ala., Goeppert said.

An industrial general contractor based in Decatur, Ala., is investing $6 million in a new manufacturing operation, creating 100 jobs.

BMSI Inc. is expected top open in the third quarter of this year in a 20,000-square-foot spec building at Yellow Creek Port South, with plans to expand it to 30,000 square feet, on the Tennessee-Tombigbee Waterway.

The company, founded in 1988, said the Burnsville facility will feature a “state-of-the-art fabrication shop “to manufacture specialty products for the Department of Defense and commercial restaurant equipment.” BMSI said it also will offer plant support for maintenance, structural welding/fabrication and process piping.

The Mississippi Development Authority provided BMSI with a $500,000 infrastructure grant.

Tishomingo County is providing ad valorem tax abatements for 10 years.

Information for this article was provided by the Northeast Mississippi Daily Journal.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Jack Weatherly

Leave a Reply

Your email address will not be published. Required fields are marked *

*