Japanese auto supplier Yorozu Corp. will build a $100 million metal stamping facility in Jasper and create 300 jobs, Gov. Robert Bentley announced today.
The facility will provide suspensions and other components to several auto assembly plants. Construction is expected to start by January, with operations beginning in July 2017.
Information about incentives for the project was not immediately available.
The company considered multiple sites before settling on Jasper, Yorozu America President Jack Phillips said.
“This plant will utilize state of the art technology with respect to production automation and logistics automation,” he said in a prepared statement. “It is the aim of the Yorozu group for this plant to be the number one suspension parts production facility in the world.”