NORTH VERNON - Metaldyne Performance Group (NYSE: MPG), a leading provider of highly-engineered components for use in powertrain and suspension applications, is expanding its footprint in Indiana by creating up to more than 100 new jobs and further investing in Hoosier facilities.
The Michigan-based company will invest $30.6 million to lease and equip a 32,400-square-foot facility in North Vernon. With construction scheduled to begin later this month and operations slated to begin in 2018, the new building will be adjacent to its current 130,000-square-foot facility at 3100 N. Highway 3. Connected by a breezeway, the two buildings will provide expanded space for the company to increase production of its powder forged connecting rods, which major automobile manufacturers use to improve fuel efficiency in gasoline and diesel engines.
"There’s a clear reason why Indiana is home to the strongest concentration of manufacturing jobs in the nation,” said Governor Mike Pence. “Over the last decade, Indiana has worked tirelessly to build the best possible business climate, and those efforts have attracted new growth and job creation from manufacturers like MPG. MPG operates six facilities across our state, and its planned growth in North Vernon is a testament to Indiana’s outstanding workforce and business-friendly policies.”
MPG currently employs more than 12,000 associates around the world, including nearly 200 in North Vernon. The company plans to begin hiring highly-skilled CNC machine operators and engineers in early 2017.
“Our North Vernon manufacturing operations has been a strong performing plant for MPG and its customers for many years,” said Doug Grimm, president and chief operating officer at MPG. “We are excited about this new expansion, and we appreciate the support from the state of Indiana.”
Founded in 2014 from the merger of three metal-forming technology companies, MPG is now the largest supplier of powder forged connecting rods in the world. With its high-strength, lightweight designs, the company’s rods are ideal for use in high-efficiency engines, using a high-yield process that minimizes material waste. MPG operates more than 60 facilities around the world, including additional Indiana facilities in Bluffton, Fremont, Columbus, New Castle and Remington.