ETOWAH, Tenn. (AP) -- ThyssenKrupp (TIHS'-en-krup) Waupaca (wah-PAK'-uh) Inc. is reopening its foundry in East Tennessee and will hire 250 employees, starting next month with former employees whose jobs were idled last year.
The Waupaca, Wis.-based company said in a Thursday statement that production at the Etowah foundry will restart in early 2012.
The iron castings operation was idled in January 2010 due to a downturn in orders related to the automotive and truck markets. A company spokesman declined to provide specific information on pay but said the wages and benefits will be competitive.
The statement said the foundry reopening follows a rebound in order volume. New equipment will be installed and an expansion is planned for ductile tile production.
The company also has plants at Waupaca and Marinette, Wis. and Tell City, Ind.