Schrader Electronics, a tire pressure monitoring system manufacturer, will invest $10 million to expand its Springfield, Tennessee facility, with plans to create of 76 manufacturing jobs.
Schrader, a global manufacturer of sensing and valve solutions for automotive and industrial leaders, is a pioneer in tire pressure monitoring systems, a vehicle safety feature that is now standard on all cars and light trucks sold in North America and growing in use globally.
“We are excited to be moving toward building all of our North American vehicle products here in Springfield,” Jared Smalley Jr., general manager, Schrader Electronics, said. “Thank you to state and local officials for their help on this expansion, and we look forward to continual success in Tennessee.”
“Tennessee offers the automotive industry a strong, competitive advantage with its network of suppliers and manufacturers, skilled workforce and central location,” Department of Economic and Community Development Commissioner Bill Hagerty. “I congratulate Schrader Electronics on its continued success in Springfield and offer my sincere appreciation to the company for its confidence in our state’s business friendly climate.”
“Schrader Electronics has been an important part of the Springfield and Robertson County industrial community for more than five years,” Margot Fosnes, president and chief economic development officer, Robertson County Chamber of Commerce, said. “Their decision to expand their operations in Springfield is a great endorsement of the Robertson County business climate and workforce. We look forward to working with their management team as they continue to grow.” Information on tax incentives the firm might receive was not immediately available.