From the Indianapolis Business Journal:
Automotive supplier Valeo expects to invest $15.5 million in new machinery for its Greensburg facility as part of its plans to expand operations in the plant and bring more than 200 workers onto the company payroll by 2014.
Valeo’s 400,000-square-foot facility in Greensburg is the France-based firm’s North American regional center for manufacturing engine cooling products. About 676 people work at the plant, about one-third of whom are temporary workers employed by an outside labor provider, according to Brad Warner, regional communications manager for Valeo.
The $15.5 million in machinery will allow Valeo to create productions lines for a new engine-cooling product. Valeo plans to add about 209 workers by 2014, predominantly by making current temporary workers full-time employees, Warner said.
Earlier this year, the Greensburg City Council approved four tax abatements for the $15.5 million in new machinery—three running for five years, and a fourth for six years. The company expects to save roughly $500,000 from the abatements, Warner said.
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http://www.ibj.com/greensburg-auto-parts-plant-plans-expansion-200-plus-hires/PARAMS/article/39579
