Mayco International LLC, a designer and manufacturer of car parts, plans to spend $2.9 million to renovate and expand operations at its plant in Hartford City, creating 120 jobs by 2016.
The upgrades to the 110,000-square-foot facility will allow the Sterling Heights, Mich.-based company to fulfill increased client orders for sunshades and other automotive parts for interior trim, the company said Thursday. New equipment for the plant should be installed and operational by February.
The facility currently employs 18 workers, which have focused on interior car elements such as floor panels and arm rests, plant manager Dan Stiehl told IBJ. Employment at the facility in recent years has vacillated from as much as 50 to 100 workers, depending on the requirements of contracts from clients.
The plant in Hartford City, which is located about 80 miles northeast of Indianapolis, already has begun hiring production operators and maintenance associates for its expanded operations, Stiehl said.
The Indiana Economic Development Corp. has offered Mayco up to $880,000 in tax credits and $80,000 in training grants based on the company’s job creation plans. The tax credits are performance-based, meaning they cannot be claimed until jobs are filled.
Mayco is a supplier of car parts with more than 6,000 employees in 47 plants across the U.S., China, India, Russia, South Africa, South Korea and Australia.