Visteon Corp. will invest $35 million to build a state-of-the-art manufacturing plant in Highland Park. The plant is expected to create 353 new jobs, including 175 directly by the company.
Visteon is a leading global supplier of automotive systems, modules and components to global vehicle manufacturers. The new plant will function as a center of excellence, making use of state-of-the-art technologies and Visteon proprietary processes to manufacture interior components for the auto industry.
The facility will serve as a regional manufacturing facility, providing parts to sequencing centers in Michigan and other states that serve manufacturing plants in the Midwest. Visteon has corporate offices and an innovation center in Van Buren Township, Wayne County.
The company will receive a state tax credit valued at $1.73 million over seven year. The city of Highland Park has proposed a 10-year tax abatement valued at $4.3 million to support the project.
For MORE NEWS BRIEFS, click here.
For a FREE SUBSCRIPTION to Expansion Management, click here.
For MORE NEWS BRIEFS SORTED BY STATE, click here.
For MORE NEWS BRIEFS SORTED BY INDUSTRY or FUNCTION, click here.
For MORE NEWS BRIEFS SORTED BY COUNTRY, click here.