#United States #Investment #Muncie #Astemo

Astemo's $11 Million Investment in Muncie Manufacturing Operations

Astemo, a leading mobility technology company, has recently announced a substantial investment of over $11 million aimed at enhancing its manufacturing capabilities in Muncie, Indiana. This pivotal initiative is part of Astemo's commitment to drive growth and innovation within the automotive sector as it seeks to accommodate the rising demand for advanced vehicle components, particularly for Internal Combustion Engines (ICE) and Hybrid Electric Vehicles (HEV).

The investment will be focused on expanding the facility's capabilities, specifically through the installation of additional injection molding capacity and a new assembly line dedicated to the production of intake manifolds. This new assembly line is expected to commence operations in March 2027, generating up to nine new job opportunities in the local area over the next three years.

Alejandro Navarro Lopez, Vice President of Operations at Astemo Americas, expressed gratitude towards the Muncie City Council for their support, which included the approval of a five-year tax abatement aimed at fostering this expansion. Lopez highlighted the importance of the partnership with the Economic Development Alliance and the commitment of Astemo to the Muncie community. “We appreciate the support of the Economic Development Alliance and the Muncie community,” he stated, reinforcing Astemo's dedication to investing in local operations and workforce.

For those interested in becoming part of this growing company, Astemo has opened applications for various positions at its Muncie facility. Individuals can visit Astemo Careers to explore job openings and submit applications.

Astemo operates on a global scale, focusing on providing innovative technologies and products that advance safe, sustainable, and comfortable mobility solutions. With a presence in several major markets, including the Americas and Europe, the company strives to be at the forefront of advancements within the automotive sector. Astemo's offerings encompass a wide array of solutions, including Software Defined Vehicles (SDV), Advanced Driver Assistance Systems (ADAS), and powertrain technologies tailored for automotive and motorcycle manufacturers worldwide.

Traci Lutton, Vice President of Economic Development for the Economic Development Alliance of Muncie-Delaware County, emphasized the significance of Astemo’s expansion, stating, “Astemo's decision to expand its Muncie operation speaks to the strength of this facility, its workforce and our community.” She further acknowledged the ongoing evaluations conducted by manufacturing companies regarding their production and investment locations, noting that Astemo's consistent choice to invest in Muncie is a testament to their commitment to the area.

Originally founded in 1999, Astemo’s Muncie facility has gradually grown to employ around 188 individuals, with nearly 70 percent residing within the Muncie area. This investment marks a crucial step in bolstering the local economy and enhancing the skill set of the local workforce, further driving the development of advanced manufacturing in the region.

Headquartered in Tokyo, Japan, Astemo is a joint venture that includes industry giants Hitachi, Ltd., and Honda Motor Co., amongst others. With a workforce of approximately 80,000 people worldwide, the company aims to create a sustainable society while delivering enhanced corporate value through innovation in the automotive industry.

As Astemo embarks on this ambitious expansion, the Muncie community, investors, and employees alike look forward to the positive growth and opportunities it will bring and the impact it will have on the local manufacturing landscape.

For additional details about Astemo and its ongoing projects, visit Astemo Official Website.