The Italian manufacturer of automotive components announced that it would invest $75 million to establish its first North American production plant in March 2016. The facility will create 350 jobs over the next five years.
When complete, the ELDOR location will include a 250,000 square foot facility on approximately 53 acres.
Headquartered in Orsenigo, Como, Italy, ELDOR is the industry leader in the research, development and production of ignition coils, engine control units and combustion management systems as well as electric systems for hybrid and electric applications. The company has three research and development operations in Italy, production plants in Italy, Turkey, China and Brazil, and technical offices in Detroit, China and Germany. ELDOR customers include most of the world’s automotive manufacturers and contracts to supply customers in the U.S. prompted the need for a U.S. manufacturing operation.
Roanoke Regional Partnership staff worked with ELDOR executives for nine months as they evaluated more than 160 sites in six states. The Partnership staff connected the company with the resources that would make this project work here, such as Botetourt’s pre-graded site, Virginia Tech, the mechatronics program at Virginia Western Community College, and business services.