Tennessee officials say Sese Industrial Services, a Spanish auto part maker, will invest $42 million to open a new plant in Chattanooga. The move is expected to create 240 more jobs.
The state Department of Economic and Community Development says the company will make axle components for the electric auto production that Volkswagen has announced for the German automaker’s plant in Chattanooga.
The new facility will span 300,000 square feet.
Sese Industrial Services operates under the parent company Grupo Sesé, an international logistics company which is headquartered in Zaragoza, Spain. The company currently operates in Chattanooga and has a history of working with Volkswagen.
In 2016 the company reported revenues in excess of 600 million euros ($723 million), and has more than 5,100 employees, according to the company’s LinkedIn.
