DETROIT -- Spanish auto interiors parts supplier Grupo Antolin plans to open a $61.2 million manufacturing plant in suburban Detroit.
Antolin Shelby Inc., a newly-formed subsidiary of Grupo Antolin, will lease a 350,000-square-foot building that is under construction in Shelby Township, Mich.
The project is expected to create 430 new jobs and is supported by a $3.6 million performance-based grant from the Michigan Strategic Fund.
The plant is needed as Grupo's other plants are at capacity, according to a Michigan Economic Development Corp. memo. The memo did not identify a specific part to be made at the plant. It was unclear which customer would be served by the plant.
Grupo, with its North American headquarters in Auburn Hills, Mich., operates plants in Michigan in Wayne, Marlette and Warren as well as in Kentucky, Illinois and Missouri.
The expansion stems from Grupo's $525 million acquisition of Magna International Inc.'s interiors business in 2015. The Magna sale included 36 manufacturing operations and about 12,000 employees in Europe, North America and Asia.
Earlier this year, Grupo announced it would sell its seating business to Lear Corp. for $307 million. That transaction is expected to close by June 30.
