ATLANTA — A German automotive parts manufacturer plans to establish its U.S. operations in Stephens County, according to a press statement from Gov. Nathan Deal's office.
The move by NIFCO KTW will mean 200 jobs for the area. The company said it plans to invest $27 million within the first five years of operation.
"Automotive suppliers such as NIFCO KTW choose Georgia because they trust that our state is the best place to grow their business,” said Deal in the statement.
“Stephens County boasts pro-business resources and a ready-to-work community that provides a stable foundation for global companies to flourish. After more than 40 years of business ties with Germany in this region, I look forward to the high-quality jobs that this thriving, industry-leading company will bring to this community and our state.”
NIFCO KTW supplies parts to a number of automotive manufacturers around the world. The Toccoa-based facility will supply injection-molded parts to BMW and Mercedes-Benz USA, among others.
“We at NIFCO KTW are proud and feel very fortunate to have found Toccoa in Stephens County as the home of our new U.S. headquarters and production facility in North America,” said NIFCO KTW Managing Director Roland Furtmayr.
“Local and regional connectivity is the basis for our success in Germany and we strive to do the same in the U.S. We would like to offer our qualified and motivated employees pleasant and attractive surroundings. In the City of Toccoa, we have found the perfect partner in North America for this goal. NIFCO KTW looks forward to becoming a reliable and successful employer that contributes to positive economic development in Stephens County.”
As the company’s first North American headquarters, NIFCO KTW will build an initial 130,000-square-foot facility on 32 acres of Georgia Ready for Accelerated Development-certified land at Hayestone Brady Business Park. The company also has intentions of expanding this site in the future. NIFCO KTW will also plan to take advantage of QuickStart, the nation’s No. 1 workforce training program, to provide customized training to the new employees.
KTW is headquartered in Weissenburg, Germany, and employs 350 people. The company recently joined the NIFCO Group, which supplies plastic injection components globally from plants in 14 countries.
“The Stephens County Development Authority welcomes NIFCO KTW to our community,” said Stephens County Development Authority Chairman Brian Akin. “This is an exciting day for Toccoa-Stephens County and a huge win for our local job market."
