Exedy America Corporation celebrated another expansion of its industrial facility located in the EastBridge Business Park in eastern Knox County on Friday, April 4.

Exedy is a manufacturer of torque converters and supplies its products to automobile manufacturers and the after market. The company’s latest expansion consists of the construction of an aluminum casting plant. The new facility required a $13 million investment and will see the creation of 40 new jobs.

Exedy first located in EastBridge in 1995. Since that time, Exedy has expanded the original plant twice investing well over $150 million. The company currently employs 570 people.