Automotive supplier Valeo North America is investing $5 million in a facility in Bessemer, creating 70 jobs. This facility joins Valeo North America’s 11 other production sites and three development centers with nearly 5,000 employees.
The company has chosen an existing facility with the goal of being at full production by the second quarter of 2021.
“Valeo is a world-class auto supplier and superb addition to the auto industry supply chain network spreading across the state,” said Greg Canfield, secretary of the Alabama Department of Commerce. “Valeo’s decision to locate a facility in Bessemer positions the company for long-term growth and we are committed to helping them build a future there.”
The Birmingham Business Alliance worked with the Alabama Department of Commerce, Jefferson County and the City of Bessemer to negotiate an incentives package for the company, said Jeff Traywick, vice president of economic development at the BBA.
“We are excited to welcome Valeo North America to The Marvel City of Bessemer,” said Bessemer Mayor Kenneth Gulley. “Valeo North America is expanding our city’s growing industrial roster and bringing expanded opportunity for residents of Bessemer and surrounding areas.”
Valeo North America is a subsidiary of Valeo, which started in 1923 in Saint Ouen, France, located outside of Paris, and currently operates in 33 countries. The automotive supplier creates innovative technologies and systems that work to make the car of tomorrow more intuitive, autonomous, connected and environmentally friendly. Its automotive research is two-fold: to reduce vehicle fuel consumption and greenhouse gas emissions and to prevent accidents while improving the driving experience.