MDN: Lauderdale County Gets New Car Parts Factory
“FAIST Light Metals will open a new $3.1 million plant in Ripley, Tenn., that will create 30 new jobs in Lauderdale County.
Tennessee Economic and Community Development Commissioner Randy Boyd announced the new plant Monday, Feb. 22.
FAIST, which has its headquarters in Italy, makes automotive components and has two other North American locations.
The company also bought a 65,000-square-foot facility in Ripley for future growth.
Lauderdale County’s non-seasonally adjusted unemployment rate for December 2015 was 9.2 percent compared to a 5.3 percent for the state.”