From AP - News Headlines -

Thyssen to Expand Danville Plant, Close Another

The automotive parts company Thyssen Krupp Presta Danville, LLC, has announced an expansion, creating up to 100 new jobs in central Illinois.

The company also said Wednesday it would close its cold forge facility in Danville and relocate it to Puebla, Mexico. Thyssen officials said the 40 workers at the plant would be offered positions at its Presta manufacturing facility in Danville.

The company said it will invest nearly $40 million to increase production capacity at the Presta facility. The money will be spent on new assembly lines and machinery to be installed by December 2012.

Thyssen officials say expansion is needed because of increasing customer orders. They are looking to hire line and machine operators, equipment technicians and production support workers.

Thyssen received state tax credits and grant money.

Categories: Business, Economics