Expansion will increase production capacity and create up to 80 new jobs
TERRE HAUTE, INDIANA [August 4, 2010] – ThyssenKrupp Presta Terre Haute, LLC, a leading manufacturer of steering systems for the automotive industry, today held the official ribbon cutting for the $17.5 million expansion of its facility in Terre Haute, Indiana. This investment will increase production capacity and create up to 80 new jobs, bringing total employment at the facility to approximately 230 by 2012. The company currently employs approximately 150.
The new full-time jobs will consist of hourly and salaried positions. Hiring for qualified machine operators, quality inspectors and warehouse coordinators began in December 2009.
The expansion reflects increasing customer orders from original equipment manufacturers (OEMs). It includes a 70,000 square foot addition for manufacturing and office space, completed in June 2010. The investment also covers the purchase and installation of new laser welding and bearing assembly lines. Installation of all new equipment is scheduled to be completed by November 2010.
“Today’s ribbon cutting is a significant milestone in our company’s history,” said ThyssenKrupp Presta Terre Haute President Peter Allaart. “The expansion of our workforce and our increased manufacturing capacity demonstrate our strong commitment to our customers and to the Terre Haute community.”
ThyssenKrupp Presta Terre Haute steering systems are used by various OEMs in the United States, Canada and South America.
The ThyssenKrupp Group, based in Essen, Germany, is a global materials and technology company which consists of eight business areas. In fiscal 2008/2009 the company had annual sales of € 40.5 billion ($54.8 billion) and employed over 187,000.
ThyssenKrupp Pre sta Terre Haute, LLC, is a part of ThyssenKrupp Presta AG of Eschen, Liechtenstein, a member of the Components Technology business area of the ThyssenKrupp Group. The company is a leading manufacturer of steering systems for the automotive industry. ThyssenKrupp Presta Terre Haute was established in 2003 as the first ThyssenKrupp Presta steering column assembly plant in the United States.
ThyssenKrupp USA, Inc. and its subsidiaries account for approximately 17,000 employees and annual sales of USD$6.5 billion in fiscal year 2008/2009. Through its predecessor companies, ThyssenKrupp has been part of the U.S. historical landscape for over 170 years, dating back to 1837 when Alfred Krupp, founder of predecessor company Krupp, provided coin mintingmachine prototypes to the U.S.