A German automotive components company has broken ground in the Delta for a new plant.
Gov. Phil Bryant and officials from Feuer Powertrain GmbH held an announcement and groundbreaking ceremony today in Tunica at the future site of the company’s first U.S. manufacturing operations.
The project represents a $140-million corporate investment and will create 300 new jobs, according to the Mississippi Development Authority.
Feuer, manufacturer of crankshafts for the automotive and transportation industry, will begin production in Tunica in late 2014.
“After an intensive site selection process, we are convinced that our decision to locate our first overseas manufacturing facility in Tunica, Mississippi, is the right move. The professional support of the state of Mississippi and the county of Tunica, as well as the business friendly atmosphere found here, gave us the confidence that this is an ideal place for expanding our global manufacturing footprint,” said Bernd Gulden, CEO of Feuer Powertrain GmbH. “We are very proud to be part of the future of the state’s business community, and we are excited to have the opportunity to make some contributions to the prosperity and growth of the region.”
The Mississippi Development Authority provided assistance in support of the project through the Mississippi Industry Incentive Financing Revolving Fund for site preparation, infrastructure and workforce training. Tunica County provided assistance for the project, as well.
Headquartered in Nordhausen, Germany, Feuer Powertrain was formed in 2003. The company’s scope of business includes the machining and processing of ready-for-installation crankshafts. Since Feuer was founded, it has invested more than $250 million in five plants in Nordhausen, where the company employs more than 400 workers.