A German powertrain maker will build its first American factory in Tunica, Miss., with plans to invest $140 million and hire 300 people over five years.
Feuer Powertrain Gmbh & Co. KG says it hopes to start production by early 2015. It will make forged crankshafts for cars, trucks and heavy equipment.
Tunica officials welcome the factory, which they say will help to diversify their county's economy. Tunica's gambling business, though still large, has been in steady decline in recent years.
The state of Mississippi has provided assistance worth at least $26.5 million, not counting the value of tax breaks.
Feuer runs five factories at its headquarters in Nordhausen, Germany, producing about 1 million crankshafts a year.