FORT WAYNE, Ind. (AP) - A German auto parts company is planning a $23 million expansion of its Fort Wayne factory that it says will create about 120 new jobs.
ElringKlinger makes automotive cylinder and head gaskets, components for lithium-ion batteries and fuel cells. The company plans to add $20.6 million in manufacturing, logistics and information technology equipment to its Fort Wayne plant.
Fort Wayne's city council will consider a holding company plans Tuesday to spend nearly $2.5 million to complete a building ElringKlinger will lease for its expansion. That building is expected to be completed in July.
In exchange, Fort Wayne would provide tax abatements to save the holding company $422,000 and ElringKlinger $1.48 million over 10 years.
ElringKlinger also has plants in Fremont, California, and Buford, Georgia.
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