(AP)-An aerospace parts manufacturer has begun construction on a $4.9 million, 65-000 square-foot facility in Post Falls.

The CDA Press reports that Advanced Thermoplastics Composites Manufacturing, also known as ATC, is moving from Spokane Valley next year, bringing with them more than 70 jobs and plans to hire as many as 45 more staffers.

ATC Manufacturing was established in 2004 and started production in 2006. It specializes in the press forming of thermoplastic composites - materials which are processed with heat - primarily for the aerospace industry. It makes carbon fiber parts - the same material used for race cars - for aerospace equipment such as Boeing 777 airliners.

Post Falls planning and economic development manager says ATC's arrival will be help expands North Idaho's aerospace industry.