Last edited 3:28 p.m., June 28, 2011Springfield-based Proformance Powertrain Products plans to expand its engine remanufacturing production facility, 2720 N. Airport Commerce Ave., adding 131 jobs to its work force and investing an anticipated $1.7 million into the local economy.
Proformance, a subsidiary of Chicago-based LKQ Corp., expects to pay wages above the county average of $33,924 as well as offer comprehensive benefits packages. The company employs 100, according to a news release from the Springfield Area Chamber of Commerce.
Proformance's capital investment includes the purchase of new machinery and equipment.
“LKQ is very excited about expanding Proformance’s production capabilities and adding to our existing work force in Springfield," said Joseph Boutross, LKQ director of investor relations, in the release.
Proformance will begin hiring for the new positions by the end of the second quarter and will receive work force training assistance from Ozarks Technical Community College.
Proformance qualified for $400,000 in tax credits through the state Department of Economic Development's
Missouri Quality Jobs Program, which provides incentives to companies that add jobs with wages at or above a county's average, said Rob Dixon, manager of business development for the Springfield Area Chamber of Commerce.
Proformance, located just north of Partnership Industrial Center West, has been operating in Springfield since 1959. It ships more than 1,000 remanufacturing engines and transmissions each month to parts distributors and installer customers nationwide, according to the release.
“We are pleased to have been able to assist Proformance Powertrain expand in the community,” Springfield Area Chamber of Commerce President Jim Anderson said in the release.“Our community is privileged to have such a strong manufacturing base, and we are excited to see manufacturing continue to grow.”
Proformance is one of three remanufacturing companies to announce expansions in recent months.
In late March, John Deere Reman finalized plans to build a 275,000-square-foot Strafford facility, creating 55 new jobs and bringing a $14 million capital investment to the area.
In April, Springfield-based CNH Reman announced the opening of a 30,000-square-foot distribution center within its 260,000-square-foot manufacturing facility at 2707 FR 123, allowing the company to ship directly to dealers, according to Springfield Business Journal archives.
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