The company will embark on a $2.5 million expansion to increase the size of its facility and workforce with the expected creation of 24 new jobs in the area.
Based in Indiana, JASPER has been remanufacturing quality automotive drivetrain products, including engines and transmissions, since 1942. The company opened its facility in Willow Springs in 2004 where it specializes in the remanufacture of gasoline engines and light duty transmissions for the automotive industry. JASPER will construct two additions onto the facility.
According to an updated report by the Missouri Economic Research and Information Center (MERIC), at least 64 auto supply companies, like JASPER, have added or announced plans to add 4,812 new jobs and make over $745 million in direct capital investments in Missouri since 2010. Over the same period. Ford and General Motors have invested a combined $1.6 billion and more than doubled the size of their workforces to produce all-new next-generation vehicles at their facilities in Claycomo and Wentzville.
Altogether, the 16,247 new and retained jobs at automotive plants and parts suppliers in Missouri, along with $2.36 billion in capital investments, are expected to support an additional 25,767 jobs in the state. These jobs and investment spending will also cumulatively support $11.0 billion in personal income and $18.1 billion in Gross Domestic Product.