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Officials from Grenada Stamping and Assembly, supplier of parts to the appliance, automotive, HVAC/R and off-highway markets, have announced the company is expanding its operations in Grenada, Miss., to accommodate the rapid growth of its solar panel-related stamping business. The project represents a company investment of $500,000 and will create 50 new jobs.
Since January 2010, Grenada Stamping and Assembly has created over 90 new jobs; this latest expansion brings the total number of workers at the Grenada Stamping complex to 231.
“In recent years, Grenada Stamping and Assembly has expanded its Grenada operations a number of times and has grown its workforce significantly,” said Leland Speed, executive director of the Mississippi Development Authority (MDA). “The company is truly a valued member of Mississippi’s business community, and I am grateful company officials have continued to invest in their Grenada operations and create jobs for area workers. I am pleased that MDA was once again able to provide assistance to help the company grow.”
To help facilitate the expansion, MDA provided assistance through the Momentum Mississippi Incentives program for upgrades to a county-owned building occupied by Grenada Stamping and Assembly. Grenada County provided assistance for upgrades to the building, as well.
“Grenada County’s business climate and the availability of a qualified workforce help our business create added value that is passed on to our customers. It is that value that has accelerated our growth in the past year and the reason we are able to create 50 new jobs in the community,” said Gary Houston, Grenada Stamping and Assembly general manager. “Our company appreciates the unwavering support of MDA, the Grenada Economic Development District and the Grenada County Board of Supervisors.”
A subsidiary of Ice Industries, which is headquartered in Sylvania, Ohio, Grenada Stamping and Assembly has a broad menu of capabilities, including the ability to blank, form, weld and assemble a variety of materials of various strengths and thicknesses. In addition to being a supplier to Electrolux® in Canada, the company provides parts to Ford Motor Company in Argentina, First Solar Panels in Canada, Copeland in Northern Ireland, Belgium, Thailand and China and Toyota Boshoku in Indiana. The company’s Grenada operations are housed in a 300,000-square-foot main plant and a recently-renovated 40,000-square-foot facility. For more information, please visit www.iceindustries.com/grenada-stamping.html.
About Mississippi Development Authority
Mississippi Development Authority is the State of Mississippi’s lead economic and community development agency. Nearly 300 employees are engaged in providing services to businesses, communities and workers in the state. While the agency is best known for its efforts to recruit new businesses to Mississippi, the Authority provides services to promote tourism, help communities improve their quality of place, help existing employers identify and meet opportunities and challenges and help workers improve their skills – all with the goal of improving the quality of life and economic well-being of Mississippians. For more information, visit MDA’s website at www.mississippi.org.
