OMR Automotive establishes North American headquarters in SpeedwaySRC Member
FOR IMMEDIATE RELEASE
January 15, 2015
OMR Automotive establishes North American headquarters in Speedway
OMR reaches purchase agreement with Town of Speedway for production of new facility
Speedway, Ind. — The Town of Speedway welcomes top-tier auto supplier OMR Automotive to Speedway.
The Indiana Economic Development Corporation (IEDC), Town of Speedway and Speedway Redevelopment Commission (SRC) gathered Thursday, Jan. 15, to sign a purchase agreement with OMR Automotive for the construction of a $10 million, 43,000-square-foot production facility on the five-acre lot on Gilman Street between Main Street and Allison Way in Speedway.
Established in 1919, OMR is an automotive production group headquartered in Brescia, Italy. It manufactures automotive parts and assemblies, including chassis and suspension components, engine supports, finished goods and protection, anti-snag and fastening devices. The company is a worldwide supplier for car manufacturers in the Fiat Chrysler Group including Fiat, Lancia, Alfa Romeo, Chrysler, Jeep, Ferrari and Maserati. It also serves General Motors, Volkswagen, Toyota and Ford.
OMR will begin hiring employees to serve in engineering, administration, production line, quality control, machine operation and equipment mechanics before the end of the year, with plans to create up to 60 new jobs by 2016.
“OMR’s North American headquarters will be in great hands with Hoosiers in the driver’s seat,” said Gov. Mike Pence. “Indiana’s motor vehicle industry is prominent around the world. Japanese companies like Toyota, Honda and Subaru helped launch the international automotive presence in Indiana that has multiplied in recent years to now include Italian companies like OMR, proving Indiana is a state that works for the automotive industry.”
OMR chose the Speedway site for its North American headquarters in part because of its close proximity to other automotive manufacturers. It has 10 production sites in Italy and others in Brazil, Morocco, India and China.
“Indiana stands out as the ideal place for our North American home base, situated in Speedway, a town known the world over for its legacy in auto racing,” said Marco Bonometti, chairman of OMR. “Our team looked across the region for a place that would maximize growth opportunities for our world-class manufacturing operations, building parts in cars on roads all around the world today. We were impressed with the tax structure and affordable business climate in Indiana and look forward to a long future here.”
The IEDC will provide the Speedway Redevelopment Commission with up to $1 million in infrastructure assistance from the state’s Industrial Development Grant Fund.
“Given the Town of Speedway’s racing history and automotive roots, it is a complete privilege to welcome such a well-known and successful international industry leader to open its first and only headquarters in North America,” said David Lindsey, president of the Speedway Town Council.
SRC President Vince Noblet said Speedway is a perfect fit for OMR. “Our Main Street offers room for growth and expansion while offering second-to-none logistical convenience with easy access to thoroughfares and interstates.”
OMR anticipates a two-phase construction process with additional development taking place in the next five to six years. The groundbreaking is anticipated to take place in April with operations launching by the end of the year.
Since 1919, Officine Meccaniche Rezzatesi has carried out mechanical work for the automotive industry, and today it is the main interlocutor for the leading producers of the sector, supplying them with components for engines, suspensions, gears, braking systems, chassis and integrated systems.
The added value, acquired throughout the years, is shown by the great cooperation and feelings of trust that have been established with clients, enabling the company to design and realize components in “co design,” as well as a high level of customization. For more information, visit http://www.omrautomotive.com/en/.
About Speedway Redevelopment Commission
The SRC consists of five volunteers appointed by the Speedway Town Council. Using input from the entire community, the commission is charged with developing a plan to revitalize a 700-acre area, including Speedway’s Main Street and the large area to the northwest termed Area 2. More information about the SRC is available at www.speedwayindiana.com.