Ficosa has opened a new state-of-the-art manufacturing facility in Cookeville, TN. The company is a global provider devoted to the research, development, manufacturing and marketing of high-technology vision, safety, connectivity and efficiency systems for the automotive and mobility industries. With an investment of over $50 million, the new plant is equipped with the latest technology, and is the most advanced in Ficosa’s global portfolio.
The 270,000-square-foot Cookeville facility produces rear view systems for automotive manufacturers such as Nissan, Ford, Volkswagen, Fiat Chrysler and General Motors. As a leader in painting and injection processes, the plant has an average production capacity of 4.5 million rear view mirrors and will add nearly 500 new advanced manufacturing jobs.
The cutting-edge production center, whose construction started in June 2015, celebrated its grand opening last Friday, October 28, with the presence of Rep. Diane Black, Cookeville City Mayor Ricky Shelton, Putnam County Executive Randy Porter, and other main authorities of the area and key automotive manufacturers.
“Today marks a great day for Ficosa and Tennessee,” said Javier Pujol, CEO of Ficosa, at the facility’s October 28 grand opening. “This new facility is a strategic move that allows the consolidation of key operations and enables a further future growth in one of the largest automobile markets in the world, where Ficosa has been present since 1994. By opening these new premises we are not only improving the group’s efficiency and operational capacity in the region, but also reinforcing our commitment to bring more advanced manufacturing jobs to the U.S. and to help lay the foundation for a more successful manufacturing future in the state of Tennessee.”
The Cookeville’s facility also strengthens the company’s business alliance with Panasonic – which started in 2015 – in North America (United States and Mexico).
“We are boosting a plan to align the industrial strategy of Ficosa with Panasonic in the region of North America, in order to accelerate the launch of new products in the areas of connectivity, efficiency and safety,” said Pujol. “This plan allows us to support the growth of the local market and increase our capacity in R&D in mirrors, shifters and new technologies that we are developing together with Panasonic, bringing together our technological capabilities with the know-how in electronics of the Japanese company.”
In June 2016, Ficosa North America was awarded four contracts from two American OEMs to produce 8,900,000 units of rear-view mirrors over a period of five years. Three of the four orders will be produced at the new Cookeville’s plant, with an estimated economic value of 460 million dollars. Production on those contracts is scheduled to start first quarter of 2018.
Ficosa International began operating in the United States in 1995, through a technical-commercial office in Michigan. Since then, the company has expanded its capacities for the development of projects for the North American market, with the creation of a test laboratory in 1996, a CAD department in 1997, and a prototype laboratory in 1998. In 2000, Ficosa North America consolidated its engineering center with a new headquarters in Madison Heights, MI.
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