Governor Ralph Northam announced that International Automotive Components Group (IAC Group), a global supplier of automotive components and systems, will invest $4.6 million to expand its manufacturing operation in the Town of Strasburg and add new auto component lines and products to its existing capabilities at the facility.
“International Automotive Components Group has been a valued employer in Shenandoah County for more than a decade, and we are thrilled that the company is reinvesting in its operation and employees,” said Governor Northam.
The Virginia Economic Development Partnership worked with Shenandoah County, the Town of Strasburg, and the Shenandoah Valley Partnership to secure the project for Virginia, which will produce 47 jobs.
“Thanks to IAC working in partnership with the Commonwealth and Shenandoah County, we have another expanding business providing more job opportunities for our citizens,” said Senator Mark Obenshain. “I commend IAC for its continued economic investment in the Shenandoah Valley.”
“International Automotive Components Group has been a vital factor in driving economic progress locally and has been a leading employer in Shenandoah County,” said Delegate Todd Gilbert. “I am pleased that this investment in expansion and jobs will benefit our shared community, and I appreciate the efforts and collaboration that made this possible.”
Headquartered in Luxembourg, IAC Group is a leading supplier of automotive components and systems, including instrument panels, console systems, door panels, headliners and overhead systems to automakers around the world.
IAC Group has been a leader in using renewable materials in its product lines for years. Their EcoMat product is manufactured with natural fiber materials, minimizing petroleum-based products. FiberFrame is a product line of light weight headliner reinforcement frames. Safe-TEC is a 100 percent recyclable injection molded safety module for side impact
The company is investing in lighter, renewable uses of foam in interior products. Working with suppliers, they provide a polyurethane foam with renewable content which can be used in thinner layers. This renewable content is from the non-food sourced, renewable castor bean and can replace 40-50 percent of the polyol component in the urethane foam. Thin foam can reduce the weight of the foam by 30-50 percent compared to current foam thickness use, thus making the vehicle lighter and more sustainable.