GETRAG - Tipton, Indiana

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GETRAG, a German manufacturer, is teaming up with Chrysler Group to build a new transmission plant in Tipton, Indiana. The GETRAG plant represents a $530 million investment. It is, in fact, the greatest single investment ever to be made in TiptonCounty.

When operational in 2009, the project will produce 700,000 transmissions annually and employ approximately 1,400 people. Chrysler Group, which currently employs more than 5,900 at its Indiana facilities, will provide some of the workforce for the new operation from its pool of idled workers.

The Indiana Economic Development Corporation offered the company up to $8.75 million in performance-based tax credits and up to $500,000 in training grants based on the company’s announced plans. The State of Indiana also offered the community up to $3.4 million in infrastructure assistance for off-site improvements to State Road 28 and East Road.

“We have been recognized as a leader in agricultural production and a great place to live,” said Monty Henderson, Tipton County Board of Commissioners president. “Now we can add to our resume our new capability as a premier supplier of automotive transmissions.”

Located on a 145-acre site at the intersection of State Road 28 and U.S. 31 in TiptonCounty, the 804,000 square-foot facility is a joint venture between GETRAG, the world's largest independent transmission manufacturer, and Chrysler Group.

“Together with our new partner, GETRAG, our investment in Tipton will create a state-of-the-art facility to manufacture fuel-efficient dual-clutch transmissions,” said Richard Chow-Wah, Chrysler Group's vice president of power train manufacturing. “This reaffirms our long-term commitment to producing vehicles that meet consumers' demands for more economical-to-operate vehicles.”

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