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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 This material may not be published, broadcast, rewritten or redistributed.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 84 242 16,303
MORTGAGES 105 284 18,840
FORECLOSURE NOTICES 0 36 2,497
BUILDING PERMITS 0 349 33,738
BANKRUPTCIES 54 169 10,483
BUSINESS LICENSES 33 80 5,383
UTILITY CONNECTIONS 0 53 6,326
MARRIAGE LICENSES 22 74 3,585