Injection molder U.S. Farathane Corp. will open a new manufacturing operation in Riverside, Mo., part of the greater Kansas City area.
The Auburn Hills, Mich.-based automotive supplier, which now has 11 manufacturing locations across the United States, will primarily supply General Motors Co.'s Fairfax Assembly Plant from the new facility, Charles Browne, general manager of the new plant, said. Representing an investment of $51.6 million, the operation is expected to hire 267 over the next three years.
The operation will be located in a 220,000-square-foot spec building in Riverside's Horizons Business Park. It's expected to be operational Oct. 1, running 16 presses from 310 tons to 3,000 tons of clamping force with more to be added next year.
“Riverside is right in the heart of the action,” Andy Greenlee, president of U.S. Farathane, said in a statement. “It's close to OEMs, it has an experienced workforce, and a business-friendly environment. Expanding to the [Kansas City] region puts U.S. Farathane in a great position to better serve our customers and expand our presence in the automotive industry.”
U.S. Farathane is owned by Los Angeles-based private equity firm Gores Group and reported $402 million in sales in 2013, according to Plastics News data. The company, which ranked No. 12 in Plastics News' most recent survey of North American injection molders, also was Plastics News' 2005Processor of the Year.