FAYETTEVILLE, Tenn. (WKRN) – A new manufacturing company in Fayetteville will create 250 jobs.
Governor Bill Haslam, alongside other officials, announced Wednesday Toledo Molding & Die Inc.’s plan to open a Tennessee location.
The company said it will invest $20 million in the project.
“We thank TMD for choosing Lincoln County as the location of its newest manufacturing operations and creating 250 new jobs in Fayetteville,” Gov. Haslam said.
TMD’s headquarters are located in Toledo, Ohio. The new Tennessee location will be the company’s fourth outside of its home state.
“TMD is excited to be partnered with the great state of Tennessee and the outstanding people of Fayetteville-Lincoln County as we embark on this very important expansion of our business,” TMD President and CEO Steve Ciucci said. “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.”
The Lincoln County facility will be located in the Fayetteville-Lincoln County Industrial Park and will span 126,000 square feet.
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.
TMD will begin hiring for the new facility later this year.