posted on September 28, 2016
, WI) Toledo Molding & Die
(TMD) is a global Tier 1/Tier 2 full service supplier of interior and air/fluid management systems. The company, which is leasing a 105,000 SF facility in Beloit's Stateline Industrial Park that was delivered this year on speculation by Hendricks Commercial Properties
, will be supplying the new Jeep Cherokee platform at the Fiat Chrysler Belvidere Assembly Plant. Over 100 full-time positions will be created by this project.
"TMD had several location options in northern Illinois as well as Wisconsin, and I'm pleased that the company will soon be a part of the Rock County business community," said Governor Scott Walker.
"TMD is excited to partner with the great state of Wisconsin and the outstanding people of Beloit and Rock County as we expand our operations in support of Fiat Chrysler's Jeep Cherokee program," said TMD President Steve Ciucci.
Headquartered in Toledo, OH, TMD has grown from a modest model and pattern shop into a globally recognized plastics injection and blow molding manufacturer. With 12 U.S. facilities and one Mexican operation, TMD's product lines include molding, assembly and sequencing of interior components and molding and assembly of a variety of air induction, powertrain cooling, front end module, washer, and HVAC systems.
A Class A
speculative industrial building, developed by Hendricks Commercial Properties
earlier this year, supported by an income tax credit package from the Wisconsin Economic Development Corporation
and additional assistance pending approval from the City of Beloit
, helped with facilitating this project.
of CBRE's Madison office represented Hendricks Commercial Properties, with additional brokerage services provided by Bill Mears
(Coldwell Banker McGuire Mears & Associates) and Emmett Gray
(Key Commercial Realty). Corporate Contractors, Inc.
is delivering construction services, while Angus Young Associates
provided building design services.
According to James Otterstein, Rock County Economic Development Manager
, "Plastics manufacturing is a key industry driver for both Wisconsin, as well as the Janesville-Beloit MSA, and we look forward to adding TMD’s project to the growing list of firms that are investing in our market."