News

Japanese Auto Parts Manufacturer to Open Production Plant in Tennessee

Sept. 10, 2010 – IB-Tech, a subsidiary of Japanese-owned auto parts manufacturer Imasen Electric Industrial Co. Ltd., is opening a production facility in Mount Pleasant, Tenn.  The company will buy an existing 170,000-square-foot plant in Maury County and begin immediate expansion.

IB-Tech will invest $50 million and create 385 jobs in the area. The facility will make seat adjusters for Honda, Subaru and Mitsubishi vehicles. The company cited the location, the facility, a solid workforce and support from community leaders as key factors in its decision to come to Mount Pleasant.

Economic development partners who worked with IB-Tech include Mount Pleasant Power System, Maury Alliance, Tennessee Department of Economic and Community Development, and TVA.

"IB-Tech's announcement of a new manufacturing facility is great economic news for our area,” said John Bradley, TVA senior vice president of Economic Development. “TVA and local service providers, such as Mount Pleasant Power System, are pleased to be on the economic development team with city and county leaders to assist companies as they locate and grow."