by Stephen Kimball
BorgWarner Morse TEC to add product line and jobs
Company to invest over $47 million on new technology and has pledged to create over 170 jobs in Ithaca
Empire State Development, Upstate Chairman Daniel Gundersen today announced that BorgWarner Morse TEC plans to invest over $47 million and has pledged to create 174 jobs to produce its new Variable Cam Timing (VCT) product line in Ithaca, New York.
BorgWarner Morse TEC and its predecessors’ history in the Ithaca area dates back 125 years and Governor Spitzer is committed to helping them continue investing and growing in this community,” Chairman Gundersen said. “As a result of this partnership, the company is pledging to secure more than 1,300 jobs, is relocating its manufacturing facility from Oklahoma and has also pledged to add an additional 174 jobs over time. We rolled up our sleeves and got this done knowing it will have a tremendous impact on the local community.”
BorgWarner Morse TEC will relocate its manufacturing of VCT systems to Ithaca from its Sallisaw, Oklahoma plant and plans to introduce three to six more products in the future. This is a new product line driven by breakthrough technology in variable cam timing systems. Engines equipped with this new technology realize improved fuel economy, reduced emissions, and enhanced vehicle performance.
The expansion of BorgWarner Morse TEC will be another tremendous boost to the region, creating good-paying jobs for local residents,” said Senator Michael Nozzolio.
The company is making a major financial investment in our area and I was pleased to work with ESD officials and company representatives in ensuring that BorgWarner Morse TEC continues to grow in the Finger Lakes region.”
“Empire State Development and Senator Nozzolio responded quickly and appropriately to this significant job creation opportunity,” stated Michael Stamm, president, Tompkins County Area Development. “The incentives delivered by the State and from TCAD through its new Empire Zone program will help leverage a substantial investment by BorgWarner Morse TEC and the creation of 174 new, high paying jobs for residents of the region.”
In recognition of its commitment to New York, Empire State Development and BorgWarner Morse TEC have agreed to a series of project milestones through which the company will be eligible to apply for $650,000 in assistance. These funds include a $500,000 capital grant to help fund the purchase of machinery and equipment essential to producing VCT systems, and $150,000 in the form of a training grant for employees that will be working on the new VCT line.
Additional assistance includes $100,000 through a legislative member item from Senator Michael F. Nozzolio, Empire Zone designation through Tompkins County Area Development Corporation and ESD, and up to $400,000 from New York State Electric & Gas through the utility’s Infrastructure Investment Program.
BorgWarner Morse TEC, a subsidiary of Tier One automotive supplier BorgWarner Inc., is a global product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The Ithaca headquarters oversees operations at 17 locations in ten countries. Employment at the Ithaca location has grown from 430 in 1982 to 1,329 currently. Their customers include VW/Audi, DaimlerChrysler, Ford, General Motors, Toyota, Renault/Nissan, Hyundai/Kia, Honda, BMW, Caterpillar, Navistar International, and Peugeot.
Empire State Development is New York’s chief economic development agency, encompassing business, workforce and community development. ESD also oversees the marketing of “I LOVE NY,” the State’s iconic tourism brand. For more information, visit www.nylovesbiz.com.
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BorgWarner Morse TEC to add product line and jobs
Tompkins County Area Development
200 East Buffalo Street, Suite 102A Ithaca, New York 14850 ( 607 ) 273 - 0005 |