FICOSA COMPANY TO MOVE FROM CROSSVILLE TO COOKEVILLE

Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd along with Ficosa North America officials announced today the company will expand its Tennessee presence by building a new state-of-the-art facility at the Highlands Business Park in Cookeville.  The automotive supplier will invest $58 million in the Putnam County facility and create 550 jobs. Ficosa’s existing Tennessee plant in Crossville produces mirror assemblies for Nissan, Ford, Volkswagen, Fiat Chrysler, General Motors and other auto manufacturers.  The company will transfer the existing jobs to the new Cookeville facility, which will increase production capacity and allow components currently made in China and Mexico to be made in Tennessee. Crossville City leaders have been working with Ficosa for more than two years in hopes of convincing them to stay in Crossville.  It was difficult to meet Cookeville’s package of incentives however and ultimately Ficosa chose Cookeville.