The BBA said Valeo will occupy the existing facility located on Perimeter Way in Bessemer in early 2021 with the goal of being at full production by the second quarter.

“Valeo is world-class auto supplier and a superb addition to the auto industry supply chain network spreading across the state,” said Greg Canfield, Secretary of the Alabama Department of Commerce.

“Valeo’s decision to locate a facility in Bessemer positions the company for long-term growth, and we are committed to helping them build a future there,” he added.

‘MARVEL CITY’

France-based Valeo is one of the world’s top automotive suppliers. Valeo North America has 11 production sites and three development centers, with nearly 5,000 employees, according to the company’s web site.

“Automotive manufacturing is a vital part of Jefferson County’s economy that continues to see immense growth annually,” Jefferson County Commissioner Steve Ammons said. “I am excited to see Valeo creating 70 above average wage jobs in Bessemer.”

This announcement is another win for Bessemer, which has seen an uptick in projects announced lately.

“We are excited to welcome Valeo North America to The Marvel City of Bessemer,” Bessemer Mayor Kenneth Gulley said. “Valeo North America is expanding our city’s growing industrial roster and bringing expanded opportunity for residents of Bessemer and surrounding areas.”

The BBA worked with the Alabama Department of Commerce, Jefferson County and the City of Bessemer to negotiate an incentives package for the company, said Jeff Traywick, vice president of economic development at the BBA.

“The attraction of this investment from Valeo North America is testament of the favorable business environment in Bessemer and the partnership that exists between our local and state governments to bring quality jobs and capital investment to the region,” Traywick said.

In November, auto supplier Mobis announced plans to open a $15.8 million facility in Jefferson County, creating 120 jobs.