EFI Automotive is expanding its North American headquarters in Elkmont with a $6 million investment.
The automotive supplier, which makes sensors, activators and actuators to improve powertrain and transmission efficiency, said the investment will create two new production lines, increasing its production by 6 million sensors annually, all dedicated to Ford Motor Co.
In addition to a range of new equipment being purchased for the production lines, EFI Finance Manager François Lefebvre said the company would add 35 employees over the next three years, including jobs in maintenance, quality, logistic technicians and operators.
According to Lefebvre, one production line will produce transmission range sensors for the Ford F-series truck and the other will produce engine sensors for the Super Duty truck and the E-Series, which should result in approximately $30 million in annual revenue for the facility.
The Elkmont Town Council approved a tax abatement of non-education taxes for sales and use taxes during construction and property taxes. During construction, EFI will save approximately $192,500 and the schools will receive $55,000. The property tax abatement will save EFI $251,750 and the schools will receive $121,212 over a 10-year period.
“EFI has been and continues to be an outstanding corporate partner and the Town of Elkmont is honored to have the opportunity to play a small role in this announcement,” said Elkmont Mayor Tracy Compton.
The start of production of the sensors is expected at the end of 2023, with a slow ramp up into 2024. EFI Automotive has been in operations in Elkmont, in Limestone County, since 2004.