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Auto Supplier Invests $35M in Mississippi

PK USA, a supplier of parts for U.S. and global automotive companies, will build a new stamping and welding assembly manufacturing plant in Senatobia, Mississippi. The $35 million investment will create at least 150 new jobs at full production in 2010. It is the Indiana-based company's second expansion in Mississippi and its eighth in the United States since 1989. According to state economic development officials, the new facility will supply the Toyota plant that is currently under construction in northeast Mississippi. PK USA is a subsidiary of Press Kogyo Company and Mitsui & Company Ltd., both Japanese companies.

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