Toledo Molding & Die, Inc., announced plans today to build a $20 million automotive supply production facility in Fayetteville, Tenn., that will employ 250 workers.
TMD, a Toledo-based supplier of interior and air and fluid management systems for the automotive industry, is building its fourth facility outside of its home state with the new Tennessee factory. Construction is set to begin next month on a 126,000-square-foot complex in the Fayetteville-Lincoln County Industrial Park. Production at the plant should begin this fall.
TMD's product lines include molding, assembly and sequencing of instrument panels, consoles and door modules and molding and assembly of a variety of air induction, powertrain cooling, front end module, washer, HVAC and underhood components and systems.
"We selected Tennessee because of its proximity to our customers, the availability and quality of the workforce, the high quality of life Tennessee offers our employees and the pro-business environment in the state," TMD CEO Steve Ciucci said in a statement today. "We couldn't be happier with the warm reception and the outstanding support we have received from the state's economic development team, the Fayetteville Industrial Development Board and TVA."
The announcement marks the second commitment made by a company in less than 10 days in Fayetteville. Last week, metal substrate manufacturer Nippon Steel and Sumikin Materials USA, Inc. announced it will invest $5.7 million and create 65 new jobs.
"Tennessee's rural communities are the heart of our state in so many ways, and we're building on our work to create a measured, thoughtful approach to supporting economic development in our rural areas," Tennessee Gov. Bill Haslam said in a statement today. We appreciate TMD for providing new opportunities for so many hardworking Tennesseans and bringing us one step closer toward our goal to make Tennessee the No. 1 location in the Southeast for high quality jobs."