In a move that will create 220 new jobs by 2018, Autoneum, with its headquarters in Winterthur, Switzerland, announced earlier this week that it will expand its operations in Indiana.
The company, which produces acoustic and thermal management solutions for the automotive industry, will lease a 300,000 square-foot manufacturing and distribution facility in Jeffersonville.
“This expansion of Autoneum’s production capacity in order to meet increasing customer demands is further evidence that our lightweight acoustic and thermal management products are indeed valued by our customers, the automobile manufacturers,” said Martin Hirzel, CEO of Autoneum. “ This is even more so, since Autoneum provides products and technologies which focus on improving vehicle fuel economy and acoustics, a feature which is currently particularly demanded by the OEMs.”
The new facility expands the company’s North American manufacturing footprint to 13 plants, which includes joint ventures.
Autoneum currently employs more than 9,500 around the world in 45 locations, with 30% employed in North America.
The Indiana Economic Development Corporation offered Autoneum North America up to $2,000,000 in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. River Ridge Development Authority approved additional property tax abatement at the request of One Southern Indiana.