Friday, November 30, 2012

Tenneco Offered Incentives for Expansion in Ligonier

From the Fort Wayne Journal-Gazette:


Tenneco, a vehicle parts supplier, will spend $18.7 million to expand its operations in Ligonier and create up to 105 jobs by 2013, the company announced Thursday.

Tenneco Automotive Operating Co. Inc., based in Lake Forest, Ill., will lease and equip a 50,000-square-foot facility in Ligonier. The building will house robotic welding machinery used to produce emission control parts, including mufflers, catalytic converters and emission systems for customers including Chrysler and Ford, the company said.
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The Indiana Economic Development Corp. offered Tenneco up to $600,000 in conditional tax credits and up to $68,000 in training grants based on the company’s job creation plans. The tax credits are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives, the company said.
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