Faeza Alloyers USA, a metal alloys manufacturer and fabricator, announced Tuesday morning that it plans to open a plant in Shelbyville and create 47 jobs by 2015.
The company, a division of Mexico-based Faeza Group, said it will invest nearly $7.6 million to construct and equip the 36,000-square-foot facility—its first in the United States—on an 11-acre shovel-ready site.
Faeza will begin hiring for production and support positions in the spring, with a planned opening to follow in the summer.
The Indiana Economic Development Corp. said it will provide Faeza up to $200,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job-creation plans. The city of Shelbyville will consider additional property tax abatements.
Founded in 1985, Faeza produces alloys with zinc and aluminum for automotive products such as carburetors, door locks and transmission cases. The new facility will place the company near its primary customer, Ryobi Die Casting, also in Shelbyville. Faeza has four locations in Mexico.