Mexican-based Faeza Alloyers Invests $7.56 Million In Indiana Manufacturing Facility
The Chalco, Mexico-based company, which specializes in producing alloys with zinc and aluminum bases for the automotive industry, will construct and equip a 36,000 square-foot facility on its 11-acre campus in 1200 Enterprise Site, a state certified shovel ready site in Shelbyville. As part of the project, Faeza plans to purchase new manufacturing machinery and information technology equipment for the facility.
"Faeza wants to successfully grow in the aluminum smelting market, that's why Faeza Group has in its business plan this project bringing a new plant for molten aluminum to Indiana," said Gustavo Gonzalez Ayala, general manager of Faeza. "This project, with the help of Indiana's friendly business climate and location, aims to supply molten and ingot aluminum alloys to further meet our customer's requirements who are located in the area."
"Indiana has a global reputation as one of the top places in the United States to do business and we're happy to have another international leader like Faeza call Indiana home," said Governor Mitch Daniels. "Our low-tax policies, highly-skilled workforce and expansive infrastructure continue to keep Indiana at the top of the list of best places to do business in the nation."
The company, which currently has four facilities in Mexico, plans to begin hiring about 50 production and support associates next spring in preparation for the anticipated opening of the facility in the summer of 2013.
Faeza's production of alloys with zinc and aluminum are manufactured for the automotive industry and products such as carburetors, door locks and transmission cases. Faeza's new facility will place the company in close proximity to its primary customer, Ryobi Die Casting, also in Shelbyville.
As an incentive, Indiana Economic Development Corporation offered Faeza Alloyers U.S.A. up to $200,000 in conditional tax credits and up to $50,000 in training grants based on the company's job creation plans. In addition, the city of Shelbyville is considering additional property tax abatement at the request of the Shelby County Development Corporation.
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