NYX Inc, a Michigan-based automotive supplier, will open a $23 million manufacturing plant in Perry County, TN, creating 400 jobs over the next five years.
The company has signed a 10-year lease for a 175,000-square-foot building in Linden where it will produce molded plastics for a wide variety of automotive manufacturers starting in 2012.
NYX Inc. also owns Bates, LLC, an existing automotive manufacturing facility in nearby Lobelville, TN that will remain intact, with no change to employment numbers.
“Companies recognize and appreciate Tennessee’s attractive business climate, and this additional investment by NYX is a vote of confidence in our state,” said Tennessee Gov. Bill Haslam in a press release. “We appreciate NYX’s decision to locate a facility in Linden, and we will continue focusing on our regional economic development strategy to attract quality jobs to rural communities.”
Dan Laible, chief financial officer of NYX, said it made sense to locate the company’s newest facility in Perry County because of the “positive relationships with our employees, the county and the state of Tennessee” through its operation in Lobelville.
NYX is expected to start accepting applications in November.