Magna International to invest $35.4 million in Michigan Auto Seat Production Plant

Specifications:

Name:

Magna International to invest $35.4 million in Michigan Auto Seat Production Plant

Location:

Michigan

Company:

Magna International

Estimated Cost:

$35.4 million

Source:

areadevelopment.com

Introduction:

Amobility technology company serving the automotive supply industry, Magna International will expand its seat manufacturing facility in Highland Park, Michigan.

Features:

According to state officials, Magna has been awarded new full-seat assembly contracts, requiring an expansion of its Highland Park site by approximately 5,000 square feet. The project includes remodeling the current space, adding new automated storage and retrieval shipping systems, and redesigning all assembly lines throughout the facility.

In addition to complete seat systems Magna makes everything from mirrors and powertrains to electronics and body & chassis systems, and is the only auto supplier to engineer and assemble complete vehicles.

The project is expected to generate a total private investment of $35.4 million and create 480 jobs in a range of positions including management, IT, and manufacturing; as a result the company received a $2.1 million Michigan Business Development Program performance-based grant approved by the Michigan Strategic Fund.