COOKEVILLE – Ficosa held a groundbreaking in June to celebrate its new facility in Cookeville. Allen Borden, Tennessee Economic and Community Development assistant commissioner of business development, joined company officials from Spain as well as other local and regional officials for the event. In May, Ficosa announced it would invest $58 million in the Putnam County facility and create 550 jobs by the end of next year.
Ficosa’s existing Tennessee plant in nearby Crossville produces mirror assemblies for Nissan, Ford, Volkswagen, Fiat Chrysler, General Motors and other auto manufacturers. The company will transfer the existing jobs to the new Cookeville facility, which will increase production capacity and allow components currently made in China and Mexico to be made in Tennessee.
The pre-production of the new facility is already underway, and Ficosa will begin limited production from the new factory in mid-2016.