Three companies are pooling their resources to build a $40 million factory in north Alabama to provide steel parts to auto manufacturers.
According to the Associated Press, which cited AL.com, Toyota Tsusho America Inc., Southern Mobility Products and SteelSummit Holdings have teamed up to build the 110,000-square foot factory, which is expected to hire about 40 employees.
Area Development reported that Madison Metal Processing (MMP), which is based in Madison, Alabama, will start supplying the steel parts for Mazda Toyota Manufacturing in Huntsville, in addition to other automotive suppliers, later this year. Full production is slated for the middle of next year.
“At MMP, we are committed to providing steel solutions that exceed our customers’ expectations,” said Kirk Lewis, chairman and president of Madison Metal Processing and chairman of Southern Mobility Products, according to Area Development. “Together, with our partners and the added benefit of our collective acumen, MMP will set the bar for quality in every steel product we deliver.”
Madison Metal Processing will supply steel blanks, which are used for automotive surface body parts, for up to 300,000 vehicles produced at the Mazda Toyota Manufacturing auto assembly plant in Huntsville.