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Auto supplier plans 220-worker plant in Indiana

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Switzerland-based Autoneum Holding AG plans to open a manufacturing and distribution facility in Jeffersonville that will employ 220 workers by 2018, the Indiana Economic Development Corp. announced Wednesday morning.

The company, which makes vehicle acoustics and thermal management systems, said it will lease 300,000 square feet on a 23-acre site at the River Ridge Commerce Center. The plant, Autoneum's 13th in North America, should be operational by the end of the year.

The company, which has more than 9,500 employees around the world, said it has begun the process of hiring for engineering and managerial positions at the facility, with manufacturing hiring to begin near the end of the year.

The IEDC offered Autoneum North America up to $2 million in conditional tax credits and up to $200,000 in training grants based on the company's job-creation plans. The River Ridge Development Authority approved additional property- tax abatement.

Autoneum, headquartered in Winterthur, Switzerland, makes components, modules and complete systems for vehicle interiors and engine bays, and heatshields and underbody shields. It is a supplier for Ford Motor Co., Honda Motor Co., General Motors Co. and Toyota Motor Corp.
 

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  • not good
    This is not good news because autoneum is not expanding they are just laying off 220 employees in ohio to move the plant to Indiana and saving over 2million dollars in taxes
  • great!
    This is excellent news. Good for Jeffersonville. And money well spent by the IEDC.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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