Goodyear Tire & Rubber Co. will spend $13.3 million to boost production of compression molded truck hood systems at its engineered products plant in Jackson, Ohio. The project involves adding 14,000 square feet of manufacturing space, as well as curing presses and assembly equipment, at the 200,000-square-foot facility, said plant manager Bob Tinker. The expansion will create about 56 jobs in the next three years.
Currently at Jackson, about 409 people, represented by the United Steelworkers union, make compression and injection molded parts from sheet molding compound. The plant supplies North American heavy-truck and car makers, though its primary customer is Ford Motor Co., Tinker said.
``The expansion is basically for expanding truck capabilities,'' he said, noting that truck hoods are a significant piece of the plant's business. ``It puts Goodyear in a position to capitalize on the increased use of SMC as a lightweight substitute for steel.
At Jackson, the company also makes injection molded SMC grille retainers and panels, and structural components, such as air springs and pistons. Tinker would not disclose sales.
The company will help finance the project with a seven-year, $5.28 million state loan at 4 percent interest. The state also will provide a $70,000 grant to the city of Jackson for road improvements near the plant.