HP Pelzer Automotive Systems Inc., an automotive acoustic systems and trim part maker, will invest $28 million in a plant in the Mt. Verd Industrial Park in Athens, Tenn., that will employ 200.
The company and the McMinn County Economic Development Authority said the plant is set for completion later this year.
The new facility will supply interior products to numerous auto assembly plants, including several in the Southeast, a news release said.
With site prep now underway, the company is looking to complete the facility in September.
HP Pelzer Group is based in Witten, Germany, and operates 37 manufacturing sites and five technical centers. It employs more than 5,000 people in 18 countries.
"Our team looks forward to opening this facility in Athens, Tenn.," HP Pelzer Chief Operating Officer Steve Paladino said. "In McMinn County, we have found a geographic area and a team of local leaders that are ideal for HP Pelzer's manufacturing needs and growth. We look forward to being part of the regional business community."
"I want to thank HP Pelzer for its investment in Tennessee and the new jobs created in McMinn County," Tennessee Gov. Haslam said. "Our Jobs4TN strategy recognizes the auto sector as a key industry cluster where Tennessee has a distinct advantage with more than 900 auto suppliers and manufacturers, and today's announcement helps us toward our goal of becoming the No. 1 location in the Southeast for high quality jobs."