TN: TPR Federal-Mogul Tennessee, Inc. to Invest $31M, Create 72 Jobs
16 Jul, 2012
Tennessee Economic and Community Development Commissioner Bill Hagerty joined with company officials to announce TPR Federal-Mogul Tennessee, Inc. will locate a manufacturing plant in Lawrence County. The Lawrenceburg facility, located at 201 Helton Drive, will serve the North American automobile manufacturing industry and create 72 jobs.
“We are excited to welcome TPR and Federal-Mogul to Tennessee, and I thank the companies for the investment they are making in Lawrence County and the jobs they are creating,” Hagerty said. “With Gov. Haslam’s leadership and business background, Tennessee’s reputation as a business-friendly state continues to strengthen. I am pleased companies like TPR continue to invest and grow here.”
TPR Federal-Mogul Tennessee is the third joint venture between TPR Co. LTD and the Federal-Mogul Corporation in the United States. The group also has operations in Minnesota and Wisconsin. The facility will produce cylinder liners for aluminum block engines and will house foundry, machining and warehousing functions. The facility is projected to begin operations in May of 2013.
“TPR is excited about the opportunity to grow its business and invest in Tennessee. We were attracted to the area due to the business friendly climate, skilled workforce, and proximity to our customers and suppliers. We have been impressed by the efforts of officials at the state, county, and city level. Their coordination and hard work were a major factor in our decision to choose this location,” TPR America said.
TPR America, Inc., the wholly owned subsidiary of TPR Co. LTD and controlling shareholder of the joint venture, is based in Schaumburg, Illinois and oversees North American operations. TPR manufactures a number of powertrain products for the automotive industry. Major parts include piston rings, cylinder liners, valve seats, and a number of aluminum, alloy, and resin products.
Federal-Mogul Corporation (NASDAQ:FDML) designs, engineers, manufactures and distributes technologies to improve fuel economy, reduce emissions and enhance vehicle safety. The company serves as the world’s foremost original equipment manufacturers of automotive, commercial, transport and industrial equipment, and the worldwide automotive aftermarket.
“On behalf of Lawrence County, we are excited to be announcing TPR’s decision to locate here,” Lawrence County Executive J. Mack Chandler, said. “We are a community taking advantage of opportunities for success and are committed to bringing jobs to Lawrence County. The best part of being county executive is being able to help bring new jobs to Lawrence County which will give families the hope they have been looking for. That is, a place to work and raise their family.”
“We are delighted TPR Federal-Mogul Tennessee, Inc has chosen Lawrenceburg to create 72 new jobs,” Keith Durham, Lawrenceburg Mayor, said. “This announcement further reinforces our efforts to recruit jobs to our area. There is a team approach to everything we do, especially in recruiting new industry to Lawrenceburg. We are dedicated to creating a competitive community that is going after companies we want here in Lawrenceburg. Once again it has served us well. The city stands ready to assist TPR with any issues during their growth and start-up process.”
“Lawrence County has one of the best work forces in the country; that work force helps us attract and support companies such as TPR Federal-Mogul Tennessee, Inc. A special thanks goes to our elected officials with the county and the city of Lawrenceburg for their continued support to grow jobs for our county. Additionally, I would like to offer a special thanks to the State of Tennessee, TVA Economic Development, and the Lawrenceburg Utility Systems for making this project come to fruition. We are committed to helping TPR Federal-Mogul Tennessee, Inc. grow in the future,” Daniel Webb, president of the Lawrence County Chamber of Commerce, said.
About the Tennessee Department of Economic and Community Development
The Tennessee Department of Economic and Community Development’s mission is to develop strategies which help make Tennessee the No. 1 location in the Southeast for high quality jobs. The department seeks to attract new corporate investment in Tennessee and works with Tennessee companies to facilitate expansion and economic growth. To find out more, go to www.tn.gov/ecd. Follow us on Twitter: www.twitter@tnecd. Like us on Facebook: www.facebook.com/tnecd.