Toledo Molding & Die, Inc., a global, full service supplier of interior and air and fluid management systems for the automotive industry, will invest $20 million to build a new manufacturing facility in Fayetteville, Tennessee. The company plans to create 250 jobs.
The Fayetteville facility will be the company’s fourth location outside of its home state. TMD will build a new 126,000 square foot manufacturing facility in the Fayetteville-Lincoln County Industrial Park, a Select Tennessee Certified Site. Construction is slated to begin in the next four weeks and the facility is expected to be operational by the fourth quarter of this year.
“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/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. We couldn’t be happier with the warm reception and the outstanding support we have received from the state’s economic development team, the Fayetteville Industrial Development Board and TVA. We look forward to a successful start-up and a long and mutually beneficial relationship with the state of Tennessee and the community of Fayetteville-Lincoln County.”
“We thank TMD for choosing Lincoln County as the location of its newest manufacturing operations and creating 250 new jobs in Fayetteville,” Governor Bill Haslam said. “Tennessee’s rural communities are the heart of our state in so many ways, and we’re building on our work to create a measured, thoughtful approach to supporting economic development in our rural areas. We appreciate TMD for providing new opportunities for so many hardworking Tennesseans and bringing us one step closer toward our goal to make Tennessee the No. 1 location in the Southeast for high quality jobs.”
“Our Select Tennessee Certified Sites are one of our greatest assets, and as a result of Fayetteville-Lincoln County investing in itself to secure its certification, TMD will be the first company to locate on the site,” Community Development Commissioner Randy Boyd said. “I want to thank our community partners and TVA, and especially TMD for choosing to invest and create new jobs in our state. We welcome you to Team Tennessee and look forward to building a lasting partnership in the years ahead.”