BusinessFriday, November 6
Astemo plans to invest more than $11 million in its Muncie plant
The Daily Muncie team
If you work in Muncie manufacturing, here's a local win. Astemo Indiana plans to invest more than $11 million in its Muncie operation, adding injection molding capacity and a new assembly line for intake manifolds used in internal combustion engine and hybrid electric vehicle applications. The Muncie City Council recently approved a five-year tax abatement for the project.
Astemo's Muncie plan comes with a five-year tax abatement
- $11 million
- or more in planned Muncie investment
- 5 years
- of tax abatement the City Council approved
- 188
- associates at the Muncie facility, approximately
Sources: The Star Press, Muncie Journal
The Economic Development Alliance of Muncie-Delaware County worked with Astemo's local team for several months, according to its announcement. Traci Lutton, the Alliance's vice president of economic development, said it is grateful Astemo continues to choose Muncie and Delaware County.
- Muncie facility opened: 1999
- Hiring: Astemo anticipates adding associates
- Alliance priority: advanced manufacturing for transportation equipment and mobility
If you're job hunting, Astemo anticipates hiring additional associates to support its growth. The Alliance says the project fits its recently completed Target Industry Study.
Most of Astemo's Muncie workers live in Muncie
70%of the plant's associates live in Muncie
Source: Muncie Journal
View as table
| Value | |
|---|---|
| of the plant's associates live in Muncie | 70% |
Sources: The Star Press, Muncie Journal