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VOL. 133 | NO. 119 | Thursday, June 14, 2018

Automotive Supplier Expands Manufacturing in Mississippi

The Associated Press

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IUKA, Miss. (AP) – A German company that makes automotive parts is expanding in northern Mississippi.

Gov. Phil Bryant says Wednesday that hago Automotive Corp. will add 60 jobs during the next four years.

He says the company is investing $4 million for new equipment in Iuka. It will double the size of the existing 50,000-square-foot (4,645-sqare-meter) facility.

The Mississippi Development Authority says the state is providing a $500,000 grant for infrastructure and is giving Tishomingo County a $3 million loan for construction.

The company does automated stamping, transfer stamping, laser and conventional welding applications, parts washing and cleaning, parts processing and the production of assemblies.

Alfred Geiger, general manager for hago Automotive, says expansion will allow the company to meet the needs of BMW in the U.S., China and South Africa.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 405 4,276
MORTGAGES 104 424 4,814
FORECLOSURE NOTICES 0 68 749
BUILDING PERMITS 148 883 10,151
BANKRUPTCIES 53 264 3,149
BUSINESS LICENSES 46 201 2,092
UTILITY CONNECTIONS 21 122 1,246
MARRIAGE LICENSES 20 94 808