Valeo North America Expanding in Seymour
Valeo North America has announced plans to expand its existing Freeman Field Industrial Park facility in Seymour during 2020.
The company was approved for tax abatement on its planned investment of $22.4 million, which includes a $14 million building addition and improvements at its plant at 1231 A Ave. North.
The project will result in about 78,000 square feet of new floor space for the company, which engineers and produces automotive lightning products. Although the expansion will not create any new jobs at this time, the company will retain its 2,735 workers and $204,627,000 in salaries.
In addition to the building, Valeo also will invest $8.4 million on new manufacturing equipment to support business growth.