An Ohio-based auto industry supplier today announced plans to invest $7.8 million and create 150 new jobs by 2018 as it upgrades factories in Auburn and Pierceton.
Shiloh Industries Inc., the parent company of Shiloh Die Cast Midwest, makes lightweight parts that help automakers increase fuel efficiency. Increased demand is driving the expansion.
The Valley City, Ohio-based company supplies General Motors, Ford, Chrysler and some foreign automakers, a spokesman said.
Shiloh employs 86 in Auburn, where it operates a 120,000-square-foot factory, and 107 in Pierceton, where it operates a 106,000-square-foot facility. The investment includes renovations and new equipment for both.
Company officials expect the factories to reach full, expanded capacity by 2016.
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