Monday, December 17, 2007
Auburn lands two new businesses
In a matter of days, the City of Auburn welcomed two new industries, CNJ Tech Inc. and ToolCare US, that are expected to bring a total estimated capital investment of $18.4 million and create approximately 35 new jobs in the coming years.
November 7, 2007
In a matter of days, the City of Auburn welcomed two new industries, CNJ Tech Inc. and ToolCare US, that are expected to bring a total estimated capital investment of $18.4 million and create approximately 35 new jobs in the coming years.
Auburn’s city manager said the city is starting to bring industry into the new technology park.
“We are very excited about the two new industries,“ said Auburn City Manager Charlie Duggan. “Our economic development department works very hard in trying to find businesses and industries that match Auburn.
“I know it is not often that people realize this, but there are quite a few projects we pass on because we don’t think they are good for Auburn.
“One of these is a tool manufacturing company and that is very important because they provide services to these other industries.
“We are excited about them locating here and we are looking forward to getting underway on our new technology park,“ Duggan said.
Both industries are bringing their first US-based operations to Auburn.
CNJ Tech Inc. first phase will result in an estimated capital investment of $15.66 million and approximately 25 jobs and will locate in Auburn’s Industrial Park located off of Shug Jordan Parkway on Teague Court. The company specializes in the machining of precision parts including brake discs and knuckles.
ToolCare US International LLC is expected to create 10 new jobs over the next two years with an initial capital investment of $2.8 million and will locate in Auburn Technology Park North. The company will serve a variety of industries for their tooling needs, including prototype molds, die-cast tooling, fixtures and gauges, stamping tools, blow-molding tools and plastic-injection molds as well as offer complete maintenance and repair programs for tools.
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