German auto parts manufacturer STS Group AG will invest $39 million to establish its first U.S. manufacturing operation in Wythe County’s Progress Park industrial park, creating 120 jobs, Virginia Gov. Ralph Northam announced Thursday.
Located near Wytheville, the new facility, operating as a subsidiary of STS Group North America, will supply Volvo Trucks in Pulaski County and other truck and automotive facilities throughout the Midwest and southeastern U.S. markets. Virginia successfully competed with North Carolina for the project.
“The presence of STS Group North America in Wythe County will go a long way toward strengthening Virginia’s growing automotive manufacturing sector,” said Northam in a statement. “This is just the latest example of an international company selecting our commonwealth as the ideal location to do business, thanks to our competitive operating costs, world-class workforce, and outstanding quality of life.”
