Diamond Electric to Invest $6 Million in Eleanor Plant

Up to 55 new jobs could be created in Eleanor as Diamond Electric Mfg. Corporation (www.diamond-us.com) plans to invest $6 million in its Eleanor ignition coil plant after winning a new contract with Ford Motor Co. The company now has about 120 employees.

David Bagnall, Diamond spokesman, says the plant will begin producing ignition coils for Ford’s 2.0-liter, 4-cylinder engine and 3.5-liter, 6-cylinder engine in September 2010.
He also said that the loans will allow the company to invest in equipment needed to accommodate the Ford contract.

The West Virginia Economic Development Authority gave preliminary approval in October for a $3 million loan for the company. The West Virginia Infrastructure and Jobs Development Council has also approved an additional $3 million loan to the company at a recent meeting.