NEW ALBANY, Ind. (Oct. 6, 2010)—An automotive parts supplier plans to invest more than $3 million to upgrade equipment at its plant in New Albany, creating up to 30 jobs by 2013.
TG Missouri Corp. said the expansion follows a contract to supply components for the new Toyota Camry model.
The company makes consoles, dashboard equipment, painted trim parts and other safety components.
Founded in 1986, TG Missouri is a unit of Nagoya, Japan-based Toyoda Gosei Co. Ltd. Toyoda opened the New Albany site in 2005. TG Missouri also has an injection molding site at its headquarters plant in Perryville, Mo.
TG Missouri employs 90 in New Albany. The Indiana Economic Development Corp. offered TG Missouri up to $200,000 in performance-based tax credits based on the company's job creation plans. The city of New Albany will consider an additional property tax abatement.