Manufacturer’s $35.5 Million Expansion Project Bringing 80 Jobs to Virginia
12/20/2011
Recognized as one of the largest manufacturers of gear assemblies for the North American automotive market, IMS:GEAR Virginia has thrived in Virginia Beach since its establishment there in 2000.
The firm is a subsidiary of IMS:GEAR GmbH, headquartered in Donaueschingen, Germany, with U.S. headquarters in Gainesville, Georgia. IMS:GEAR GmbH employs over 1,500 people worldwide. Its Virginia operation reported sales of over $19.8 million in 2010.
"IMS:GEAR is proud to call Virginia Beach home of the production facility for horizontal drive mechanism for car seats," said Guenter Weissenseel, president of IMS:GEAR Virginia.
Jim Cheng, Virginia Secretary of Commerce and Trade, explained that this expansion will enable the business to increase its customer base and further expand its global footprint in the industry.
A $200,000 grant from the Governor's Opportunity Fund will assist the City of Virginia Beach with the project. Also, the company has been awarded a $300,000 performance-based grant from the Virginia Investment Partnership program plus funding and services to be used in its recruitment and training activities.
Project Announcements
Ireland-Based Linde Plans Brownsville, Texas, Operations
06/12/2025
Canadian-Based Torvan Medical Plans High Point, North Carolina, Headquarters-Production Operations
06/12/2025
Amazon Web Services Plans Richmond County, North Carolina, Operations
06/12/2025
Rolls-Royce Expands Mankato, Minnesota, Manufacturing Operations
06/12/2025
StandardAero Component Services Expands Sharonville, Ohio, MRO Operations
06/12/2025
Azure Farms Plans South Point, Ohio, Production Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025