Ventra, a subsidiary of automotive supplier Flex-N-Gate Corp., will invest $8.1 million to expand its manufacturing plant in Angola, Ind.
The 128,000-square-foot plant in northeastern Indiana will increase production by 70 percent to support a new contract with General Motors Co., according to a news release from the Indiana Economic Development Corp. Ventra supplies a range of molded, painted and plated plastic automotive components and lamp systems.
The company is set to begin installing new equipment in the first quarter of 2017 and ramp up production in October 2017, the release indicates.
Ventra plans to hire up to 88 additional workers by 2019, adding to its current staff of 25. The company was offered up to $650,000 in conditional tax credits from the IEDC, based on its job creation plans.
Urbana, Ill.-based parent Flex-N-Gate had injection molding sales of around $315 million in 2014, according to a Plastics News estimate. The company has two other operations in Indiana, located in Covington and Veedersburg.