As published in Toledo Business Journal - March 1, 2018

Treves Corporation’s facilty in Fostoria

Treves Corporation’s facilty in Fostoria

Treves invests $15M in Fostoria facility

Treves Coporation, a Paris, France-based company specializing in the design and customization of acoustic treatment and interiors for various automobile product components, is investing nearly $15 million in a facility in Fostoria. The company has committed to creating 91 new jobs over the next three years.

In 2016, the Fostoria Economic Development Corporation (FEDC) secured a $1.2 million loan to finance the construction of a 40,000-square foot speculative building at the Fostoria Industrial Park. The building was completed in October of 2016 and the building was sold on November 22, 2017. Treves plans to expand that facility to 120,000 square feet.

The project is ongoing at this time with construction being done at the site to complete the building and get it ready for the equipment. The company plans to be operational this spring.

Renee Smith, president of FEDC, said, “Treves was looking to develop a presence in the Midwest due to customer demand. With their customer base and the product demands, they felt it would be advantageous for them to develop an operation in the northwest Ohio area.”

JobsOhio and the Regional Growth Partnership (RGP) worked with Treves and the Ohio Tax Incentive Review Board to grant the company a 1.186% Ohio Job Creation Tax Credit for seven years. Treves was also awarded a JobsOhio Economic Development Grant. There is ongoing assistance being offered through Ohio Means Jobs – Seneca County to the company. The local municipality is working with the company on possible incentives and the electric cooperative, North Central Electric Cooperative Inc. (NCEC), has also been instrumental in helping with incentives from its end, according to Smith.

“Along with the Regional Growth Partnership, we are thrilled that Treves Incorporated chose to establish its first Midwest manufacturing facility in Fostoria, where it will create more than 90 jobs,” said Kristi Tanner, JobsOhio senior managing director for automotive.

“Treves is an established European auto OEM supplier that supports many global brands, and we look forward to working with the company as it grows its US operations here in Ohio,” Tanner added.

Treves provides unique thermocompression, thermoforming, foaming, and assembly technologies. According to the company, it brings personalized and customized solutions adapted to its clients’ specific expectations. Some of Treves’ customers include Ford, General Motors (GM), Fiat Chrysler, and BMW.

“The Fostoria Economic Development Corporation took a risk with the construction of a speculative building in 2016. We did so, in an effort to attract a new company to Fostoria, Ohio, and we have been successful. We, in Fostoria, are proud to welcome Treves,” said Smith.

The contractor for the project is Dave Whitta from Whitta Construction, located in Fostoria.


Toledo Business Journal: Subscribe to the region's source for business news and research