GREENSBURG, Ind. (AP) — Officials say an auto parts company is planning to add about 250 jobs at a southeastern Indiana factory by the end of next year.
City officials in Greensburg say the additional jobs will be added as $28 million is spent on new machinery for the Valeo Engine Cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.
Mayor Gary Herbert tells the Greensburg Daily News he supported a longer-than-usual six-year property tax abatement on Valeo’s new equipment because of the investment’s size and number of new jobs expected.
The French company now has nearly 700 workers at the Greensburg plant. That’s up from about 400 employees in January 2013 when the company announced another expansion for the factory about 40 miles southeast of Indianapolis.