Laser-welded sheet metal and stamped automotive parts producer hago Automotive Corp., a subsidiary of Germany-based hago Feinwerktechnik GmbH., is locating its $10 million manufacturing plant in Iuka, Mississippi. The facility will be on the state’s northeastern border with Alabama and Tennessee. The project is expected to create 80 jobs in Tishomingo County.
From its Iuka location, hago Automotive will perform automated stamping with up to 400 tons of processing power, transfer stamping with up to 630 tons of pressing power, several laser-welding applications, parts washing and cleaning, parts processing and the production of assemblies. The facility will also house a tool-making department and a test laboratory.
“We are excited to join the Mississippi business community and begin operations in Iuka. Our new location will allow hago Automotive to effectively and efficiently serve our customers,” said hago Automotive President/CEO Joerg Goeppert. “We thank the Mississippi Development Authority, Tishomingo County, the Tishomingo County Development Foundation and Tennessee Valley Authority for their support as hago Automotive prepares to locate in Northeast Mississippi.”
Mississippi Development Authority provided assistance in support of the project for the purchase of equipment and for relocation costs. Tishomingo County and Tennessee Valley Authority also assisted with the project. The company is expected to begin operations by mid-2016.
“We salute our economic development partners in Tishomingo County and at the Tishomingo County Development Foundation and TVA for their partnership with MDA, which contributed to hago Automotive locating in Mississippi, creating career opportunities for the people of Northeast Mississippi,” said MDA Executive Director Glenn McCullough. “MDA looks forward to hago’s long-term success and growth in Tishomingo County.”
“I appreciate the team at hago Automotive for choosing to locate in Tishomingo County and for creating so many new jobs for the region’s workforce,” Governor Phil Bryant said. “Mississippi’s automotive industry is a major economic driver for our state, and hago’s decision to locate in Northeast Mississippi further strengthens our position as a leader in the Southern Automotive Corridor. I wish the company many years of success in Iuka.”