Governor Jay Nixon recently joined officials from Martinrea Riverside LLC and local elected officials to break ground on the company's new Missouri manufacturing facility, located near I-635 in Riverside. The global auto supplier will operate in a 275,560 sq. ft. automotive parts manufacturing facility, creating up to 290 new jobs.
"Missouri's automotive industry is a driving force in our state's expanding economy, and today we mark another milestone in its continued resurgence," said Governor Nixon. "Global companies like Martinrea are continuing to grow and invest in Missouri because of our experienced workforce, low taxes and stable economic climate. With smart, strategic, pro-growth policies, we will continue to build on this strong momentum."
Martinrea Riverside LLC is a subsidiary of Martinrea International Inc., a Tier One automotive supplier headquartered in Ontario, Canada. With 38 facilities across eight countries and four continents, Martinrea International Inc. provides production of quality steel and aluminum metal parts, assemblies and modules, and fluid management systems focused primarily on the automotive sector.
The Riverside facility, which is the company's first location in Missouri, will manufacture welded corrosion resistant engine cradles using its e-coating process, and automotive assemblies for the General Motors plant in Fairfax, KS.
"We are pleased to open our first facility in Missouri to better serve our customers," said Rocco Marinaccio, Director of Modular Assembly. "We have received a warm reception from everyone, and we look forward to becoming a contributing member of the local community."
"It is always exciting for our community when a company new to the Kansas City area, like Martinrea, chooses Riverside as home," said Riverside Mayor Kathy Rose. "This project continues to show the benefit of having a strong partnership with the state and how we can work together to recruit businesses that meet our mutual economic development goals."
To assist Martinrea Riverside LLC with its expansion, the Missouri Department of Economic Development has offered a strategic economic incentive package that the company can receive if it meets strict job creation and investment criteria.