Newman Technologies, a firm that produces door sashes and exhaust components for Honda, Acura and Subaru vehicles, will invest more than $15 million on its first Alabama manufacturing plant at Albertville Industrial Park, with plans to employ an estimated 60 workers.
The firm that will supply the Honda Manufacturing of Alabama plant has plans for continued expansion of its facility and labor force.
While details of any incentive package were not disclosed, Governor Robert Bentley thanked the company for its confidence in the state's business climate. "It was a tremendous effort by both our state and local partners working together to bring a company here that will continue to lower the unemployment rate of the area and provide good jobs," he said.
"We are pleased that Newman Technology will become the newest corporate citizen in Alabama's thriving automotive supplier base as well as our newest international partner," said Greg Canfield, Alabama Department of Commerce Secretary. "We are proud to be this company's partner and promise to help encourage its future growth and prosperity here."
Albertville officials said the city was engaged in the process from the beginning. Four sites in Marshall County were shown, including two site visits in Albertville. The company settled on the Bryant Tract, a 20 acre piece of property in the Albertville Industrial Park that was purchased by the Albertville Industrial Development Board in 2001.
"In addition to the positive impact of jobs, the enthusiasm of Newman officials and Newman's history of being an outstanding corporate partner cannot be understated. We're proud and honored they have selected Albertville," said Mayor Lindsey Lyons.