DENVER (July 21, 2014) — Schrader International Inc. has expanded capacity at its Springfield, Tenn., tire pressure monitoring system (TPMS) sensors plant by more than 50 percent to meet growing global demand for TPMS technology.
The $15 million investment went toward equipment and expansion of factory space and will create 100 jobs at the plant. Schrader did not say how many employees it has at Springfield overall.
Schrader said the move is in response to the adoption of TPMS legislation in Europe, Russia and in several Asia-Pacific countries and growth among U.S. vehicle manufacturers.
Schrader held a ceremony July 18 to mark the expansion with several federal and state government officials in attendance, including U.S. Representative Diane Black (R-Tenn.).
Schrader also announced it recently produced its 300 millionth TPMS sensor.
“Schrader's continued success is the result of our technology leadership and the global adoption of TPMS legislation, specifically for its proven safety, fuel economy and environmental benefits,” said Schrader President and CEO Hugh Charvat.
According to the company, its sensors are fitted on more than half of all vehicle platforms equipped with direct TPMS technology worldwide.
This is the second multi-million-dollar investment in Springfield in the past 15 months. Schrader commissioned a $10 million expansion there in April 2013.
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