DENVER (Feb. 28, 2013) — Schrader International Inc., a maker of tire pressure monitoring systems (TPMS), is investing $10 million to increase capacity for TPMS components at its Springfield, Tenn., plant.
A newly installed manufacturing line is a direct result of continued TPMS volume growth with domestic vehicle manufacturers such as Ford Motor Co., General Motors Co. and Chrysler Group L.L.C., as well as increased service and repair demand for sensors in the aftermarket, Schrader said.
The investment has increased the Springfield facility's production capability by 8 million units, with an additional line expected to be installed in early 2014. The expansion created 76 manufacturing jobs this year and will add about 100 more next year, according to the company.
"Three main factors have contributed to the success of our Springfield facility: talented, eager and well-trained employees, a centralized location near our customers and the company's long history in delivering best-in-class TPMS technology," said Hugh Charvat, Schrader president and CEO.
"Combined with the ongoing demand for TPMS sensors in North America, Schrader-Springfield is positioned for growth, and we will continue to invest here," he added.