Automotive supplier Valeo North America will bring 70 jobs and invest $5 million at its manufacturing plant in Bessemer, Alabama.
The company will occupy the existing facility located on Perimeter Way in Bessemer in early 2021 with the goal of being at full production by the second quarter of the year.
"Valeo North America is pleased to announce the opening of a new facility in Bessemer,” said the Valeo North America management team. “The City of Bessemer, the Birmingham Business Alliance and the State of Alabama demonstrated an attractive business friendly, pro-jobs attitude. This project, in this location, is a win-win for Valeo and for the community.”
A favorable incentives package was crafted at the state and local levels consisting of sales/use tax and property tax abatements.
“Valeo is a world-class auto supplier and a superb addition to the auto industry supply chain network spreading across the state,” said Greg Canfield, Secretary of the Alabama Department of Commerce. “Valeo’s decision to locate a facility in Bessemer positions the company for long-term growth, and we are committed to helping them build a future there.”
Valeo North America, Inc. manufactures and supplies automotive parts and equipment. The Company offers automotive wiper, airflow systems, motors, braking and lighting systems, and engine filtration components.
“The attraction of this investment from Valeo North America is testament of the favorable business environment in Bessemer and the partnership that exists between our local and state governments to bring quality jobs and capital investment to the region,” said Jeff Traywick, vice president of economic development at the BBA. “This project will allow Valeo to support its customers’ needs in a location that is cost-competitive and provides the company access to a skilled labor force.”