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IMS Gear (Photo courtesy: www.imsgear.com )

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Gear maker to expand VB operation

Expansion to create 80 jobs

Updated: Friday, 16 Dec 2011, 9:41 AM EST
Published : Friday, 16 Dec 2011, 9:38 AM EST

VIRGINIA BEACH, Va. (AP) - Automotive gear assembly maker IMS Gear Virginia Inc. is planning a $35.5 million expansion of its Virginia Beach production facility.

Gov. Bob McDonnell said Friday that the expansion will create 80 jobs.

The Virginia Beach facility opened in 2000.

IMS: Gear Virginia produces metal and plastic gear assemblies for automatic automotive seats. The company is a subsidiary of Germany-based IMS: Gear GmbH.

McDonnell approved a $200,000 grant from the Governor's Opportunity Fund and a $300,000 performance-based grant from the Virginia Investment Partnership program for the project.

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