NORTH VERNON — Metaldyne Performance Group, a leading provider of highly-engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, announced plans today to expand its operations in North Vernon, creating up to 126 new jobs by 2019.
The Michigan-based company will invest $30.6 million to lease and equip a 32,400-square-foot facility in North Vernon. With construction scheduled to begin later this month and operations slated to begin in 2018, the new building will be adjacent to its current 130,000-square-foot facility at 3100 N. Highway 3.
Connected by a breezeway, the two buildings will provide expanded space for the company to increase production of its powder forged connecting rods, which major automobile manufacturers use to improve fuel efficiency in gasoline and diesel engines.
Read more in Thursday’s Republic