Eventually, 385 jobs should be filled at a Japanese-owned auto parts factory in neighboring Maury County, according to announcements this week from business and government officials.
IB-Tech, a subsidiary of Japanese-owned auto parts manufacturer Imasen Electric Industrial Co., plans to invest $50 million in a facility in Mount Pleasant where seat adjusters are to be made.
In addition to seat adjusters, Imasen Electric produces automobile lamps, relays and window regulators and serves clients such as Honda and Mitsubishi, as well as Subaru, the Columbia Herald reported Thursday.
In 2012, IB-Tech will begin full production in the former Avantech building, a 144,000-square-foot building at 1 Timco Drive. It will be IB-Tech's second plant in the U.S., with one previous operation in Bucyrus, Ohio.
Clinton Gilbreath of CB Richard Ellis represented IB-Tech in the search for an appropriate facility in Middle Tennessee. CB Richard Ellis is the business real estate company hired by Lewisburg's City Council as its exclusive sales representative for land in the Lewisburg Business Park, including a city-built factory shell, constructed on a speculative basis a few years ago.
"We've been working on this project for some time now," Maury County Mayor Jim Bailey said. "It takes a lot of people to get a deal like this done. I'm proud of the way the State ... TVA ... Mount Pleasant and Maury County all worked together to get this project across the goal line."
An IB-Tech vice president said it is "excited" to be opening a plant in Maury County.
"The location, support from community leaders, solid workforce and great facility in Mount Pleasant was key in our selection process," John Freundner, assistant vice president of administration for IB-Tech said.
A TVA vice president called the announcement great economic news for the area.
"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," John Bradley, TVA senior vice president of economic development, said.