Rieter Automotive North America, Inc., located in Oregon, Ohio, will receive a $150,000 Rapid Outreach grant (412) for costs associated with the acquisition of machinery and equipment.

Rieter plans to renovate its 150,000 square-foot building and construct a 4,000 square-foot addition. It will also purchase and install a new manufacturing line, which will be used to manufacture fiber padding and floor carpet/insulator assemblies for the automotive industry. This $1 million project is expected to create 80 jobs and retain 155 positions within the first three years of the project's initial operation.

Founded in Switzerland in 1795, Rieter is a leading supplier of products and services for the textile, automotive and plastics industries. Rieter is comprised of two divisions. Rieter Textile Systems develops and produces machinery and integrated systems for converting fibers and plastics into yarns, non-wovens and pellets.

In partnership with automotive manufacturers, Rieter Automotive Systems, the second division, develops and produces components, modules and integrated systems on the basis of fibers, plastics and metals to provide acoustic comfort and thermal insulation in motor vehicles.

The Rapid Outreach grant, formerly the Business Development (412) grant, assists companies and communities that are creating or retaining jobs in Ohio. The Roadwork Development Account (629) provides grant assistance to communities for highway and road projects related to job creation and retention. The 629 Program is funded with gas tax dollars and is restricted to public road projects only.

For MORE NEWS BRIEFS, click here.

For a FREE SUBSCRIPTION to Expansion Management magazine, click here.

For MORE NEWS BRIEFS SORTED BY STATE, click here.

For MORE NEWS BRIEFS SORTED BY INDUSTRY or FUNCTION, click here.

For MORE NEWS BRIEFS SORTED BY COUNTRY, click here.