IB-TECH to Open Mount Pleasant Automotive Facility
9/9/2010 10:29:00 AM
NASHVILLE, Tenn.â€“IB-Tech, a subsidiary of Japanese-owned auto parts manufacturer Imasen Electric Industrial Co., Ltd., will open a production facility in Mount Pleasant; Tenn. IB-Tech will invest $50 million to manufacture high quality seat adjusters, creating 385 jobs in Maury County.
IB-Tech will start production planning in 2011 with full production in 2012. The facility will be located in the former Avantech building at One Timco Drive in Mount Pleasant. Clinton Gilbreath of CB Richard Ellis represented IB-Tech in the search for an appropriate facility in Middle Tennessee.
"We are excited about opening a facility in Maury County," John Freundner, assistant vice president of administration for IB-Tech said. "The location, support from community leaders, solid workforce and great facility in Mount Pleasant was key in our selection process."
"IB-Tech's announcement of a new manufacturing facility is great economic news for our area," said John Bradley, TVA Senior Vice President of Economic Development. "TVA and local service providers, such as Mount Pleasant Power System, are pleased to be on the economic development team with city and county leaders to assist companies as they locate and grow.
In addition to seat adjusters, Imasen Electric produces automobile lamps, relays and window regulators. Imasen Electric is an independent Japanese auto-parts manufacturer holding a large share of the market for automobile seat adjusters. The company manufactures a variety of products for the automotive industry and serves clients such as Honda and Mitsubishi. This will be their second manufacturing facility in the United States, with one previous operation in Bucyrus, Ohio.