Auto component supplier announces $4.6M Strasburg expansion
International Automotive Components Group to create 47 jobs
Automotive components and systems supplier International Automotive Components Group (IAC Group) will invest $4.6 million to expand its Strasburg operations and add auto component lines and products to its existing facility, creating 47 jobs, Gov. Ralph Northam announced Monday.
Headquartered in Luxembourg, IAC Group is a supplier of instrument panels, console systems, door panels, headliners and overhead systems for automakers. It operates more than 45 facilities in 16 countries and has more than 60 locations in 18 countries. IAC Group employs more than 18,000 people globally.
“International Automotive Components Group has been a valued employer in Shenandoah County for more than a decade, and we are thrilled that the company is reinvesting in its operation and employees,” Northam said in a statement. “IAC Group exemplifies the success that major businesses can find in rural Virginia and we thank the company for its continued confidence in Virginia and for creating high-quality manufacturing jobs at a critical time in our economic recovery.”
Virginia competed with Ohio for the project, and won because of its “history of successful launches, as well as access to additional talent around the region,” Nick Proctor, IAC Group manufacturing director said in a statement.
“As a major global player in the automotive sector, IAC Group’s growth in Shenandoah County serves as a testimonial to other industry leaders,” Secretary of Commerce and Trade Brian Ball said in a statement. “We are confident the region’s infrastructure and dedicated workforce will contribute to the operation’s future longevity.”
The Virginia Economic Development Partnership (VEDP) worked with Shenandoah County, the town of Strasburg and the Shenandoah Valley Partnership to secure the project for Virginia. VEDP will support IAC Group’s job creation through the Virginia Jobs Investment Program, which provides consultation and funding to companies creating jobs.