U.S. Farathane announced that it will spend $51.6 million to set up a plant in Riverside that is expected to create 267 jobs during the next three years.
Based in Auburn, Mich., U.S. Farathane is a plastic manufacturer that has been supplying the U.S. automobile industry with functional and decorative parts for the past 40 years. It’s got more than 2,700 employees nationwide. The Riverside location will be its 11th in the United States.
“Riverside is right in the heart of the action. It’s close to (original equipment manufacturers). It has an experienced workforce and a business-friendly environment,” U.S. Farathane President Andy Greene said in a release. “Expanding to Missouri puts U.S. Farathane in a great position to better serve our customers and expand our presence in the automotive industry. We’re very excited about the opportunities available for us here.”
The company acquired a 220,000-square-foot facility in the Riverside Horizons Business Park, near other automotive suppliers such as Martinrea and Yanfang USA. U.S. Farathane will invest $51.6 million to retrofit the building and buy equipment and machines.
U.S. Farathane will produce injection-molded plastic parts for the Chevrolet Malibu, which is assembled at the General Motors Fairfax Assembly Plant in Kansas City, Kan. It also will produce functional interior plastic parts for the Ford F-150 and Transit Van, which are produced at Ford’s Kansas City Assembly Plant in Claycomo, Mo.
The new plant should be operational by October.
“As a top state for vehicle production, Missouri continues to attract auto suppliers from around the country looking to create good-paying jobs for families in this region,” Gov. Jay Nixon said in a release. “The work we put into helping GM and Ford invest and create jobs in the Show-Me State continues to pay off as we welcome U.S. Farathane to Missouri, where they join our strong network of auto suppliers here in Riverside and throughout the state.”