Magna International Inc. plans to spend $48 million on a new facility in Novi, Mich., for its seating division.
The Canadian auto supplier, which bases its U.S. operations in Troy, plans to build the 180,000-square-foot building for its Magna Seating of America Inc. subsidiary, the Michigan Economic Development Corp. said in a news release. The project would add 164 jobs.
The MEDC's Michigan Strategic Fund awarded Magna Seating a $984,000 performance-based grant to put toward the project. Novi will offer a property tax incentive, the state said.
Magna Seating's new headquarters will be close to its existing location already in Novi, Magna spokesman Scott Worden said.
It will house Magna Seating's engineering, sales and marketing, and research and development functions, the state said.
Construction is expected to start in the fourth quarter, Worden said. He did not have a target completion date.