Site Selection

Facility Planning

Workforce Development

Business+Place

AD Editorial Board

Aaron Ahlburn

Managing Director and Senior Director, Research, JLL
Amy Gerber

Executive Managing Director, Business Incentives Practice, Cushman & Wakefield
Bill Luttrell

Senior Locations Strategist, Werner Global Logistics, Werner Enterprises
Bradley Migdal

Senior Managing Director, Business Incentives Practice, Cushman & Wakefield, Inc.
Brian Corde

Managing Partner, Atlas Insight
Dan Levine

Practice Leader, Location Strategies and Economic Development, Oxford Economics, Inc.
Dan White

Senior Economist, Moody's Analytics
Dean J. Uminski, CEcD

Partner, Crowe Horwath
Dennis Cuneo

Partner , Fisher & Phillips
Eric Stavriotis

Senior Vice President, Advisory & Transaction Services, CBRE, Inc.
Gregory Burkart

Managing Director and City Leader, Site Selection & Incentives Advisory , Duff & Phelps, LLC
H. Robert Boehringer, III

Managing Director, Global Location & Expansion Services, KPMG
Josh Bays

Principal, Site Selection Group, LLC
Joshua Wright

VP, Economic and Workforce Development, Emsi
Kate Crowley

Principal & Negotiated incentives Practice Leader, Baker Tilly Virchow Krause, LLP
Les Cranmer

Senior Managing Director, Savills Studley
Marc Beauchamp

President & CEO, The CAI Global Group
Margy Sweeney

Founder and CEO, Akrete, Inc.
Minah Hall

Managing Director, True Partners Consulting LLC
Paul Naumoff

Principal, National Director of Tax Credits & Incentives Advisory Services, EY Global/Americas
Scott Kupperman

Founder, Kupperman Location Solutions
Stephen Gray

CEO, Gray Construction

Spain-Based Ficosa North America Invests $58 Million In Cookeville, Tennessee, Manufacturing Center

Area Development News Desk

05/26/2015

Spain-based Ficosa North America will expand its presence in The Volunteer State by building a new state-of-the-art facility at the Highlands Business Park in Cookeville, Tennessee. The automotive supplier will invest $58 million in the Putnam County facility and create 550 jobs.

“This is a strategic move that will allow the consolidation of key operations and enable further future growth,” Ficosa’s Global Chief Executive Javier Pujol said. “This new state of the art facility will not only allow us to better serve our customers but also provide a better and more secure future for our Tennessee employees.”

The pre-production of the new facility is already underway and Ficosa will begin limited production from the new factory in mid-2016. Ficosa’s existing Tennessee plant in nearby Crossville produces mirror assemblies for Nissan, Ford, Volkswagen, Fiat Chrysler, General Motors and other auto manufacturers. The company will transfer the existing jobs to the new Cookeville facility, which will increase production capacity and allow components currently made in China and Mexico to be made in Tennessee.

“We want to thank Ficosa for further investing in Tennessee and for creating 550 new jobs in the Upper Cumberland area,” Governor Bill Haslam said. “With more than 900 auto suppliers and manufacturers, our state is known worldwide for its strengths and momentum in the automotive sector which help us move closer to achieving our goal of becoming the No.1 state in the Southeast for high quality jobs.”

“We aim to be the most aligned state in economic development from the state level to the local level to our educational partners, and today’s announcement demonstrates just what teamwork can accomplish,” Economic and Community Development Commissioner Randy Boyd said. “Thank you to Ficosa for choosing to grow in Tennessee and for trusting in our dedicated workforce and sound business climate.”

“This project took longer than most, and I can’t speak highly enough of the cooperation and teamwork exhibited by all parties involved,” Cookeville Mayor Ricky Shelton said. “Ficosa will be the first company location in our Highlands Business Park and fits the bill to innovate, elevate and accelerate. Their location benefits our economy regionally, and we are proud to welcome them to our community.”

“We are extremely excited Ficosa has chosen Putnam County for its new expansion,” Putnam County Executive Randy Porter said. “They are a perfect fit for our new Highlands Business Park and our County looks forward to a long lasting relationship with them.”

Article Discussion