Automotive parts distributor to locate facility in Hazelwood, plans to create 10 new local jobs, DED announces
Release Date:
12/11/2012
Contact:
John Fougere, (573) 522-5058
ST. LOUIS – The Missouri Department of Economic Development (DED)
announced today that a company that provides aftermarket parts for the
automotive industry will be locating a distribution warehouse in Hazelwood. Perfection
Clutch, which distributes a variety of automotive products for prominent auto
parts retail stores, plans to renovate an existing facility into its new
warehouse, a capital investment of $1.3 million that is expected to create 10
local jobs.
Perfection
Clutch distributes automotive products such as clutches, flywheels and clutch
hydraulics that are manufactured at its facility in Shanghai, China to
customers in the United States. The company’s top customers include O’Reilly,
Auto Zone and Advanced Auto Parts stores, and Pefection Clutch’s new
distribution warehouse in Hazelwood will locate the company in close proximity
to O’Reilly Auto Parts’ headquarters in Springfield. The company chose the
Hazelwood site, located at 630 Lambert Point Drive, over a site in the state of
Illinois. The new warehouse is expected to be operational during the first
quarter of 2013.
To assist
Perfection Clutch with its relocation plan, the state of Missouri has
authorized an economic incentive package that includes $88,900 in Enhanced
Enterprise Zone tax credits, which the company could be eligible for if it
meets the strict job creation requirements of the program. Also included in the
state’s package is $15,000 in Recruitment Assistance funds.
In
addition to DED, the St. Louis Regional Chamber and Growth Association,
Missouri Partnership, St. Louis County Economic Council and City of Hazelwood
worked as partners in this project.
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