Troy, Mich.-based auto supplier Inteva Products LLC plans to invest $23 million to add capability to its plant in Adrian, Mich.
The supplier of auto interior systems, closures and roofs has been awarded new business and plans to invest in new equipment and tooling to accommodate the work at the 980,000-square-foot plant.
Michigan Strategic Fund board members on Aug. 23 approved a $1.27 million performance-based grant toward the investment, which is expected to create 77 new jobs with potential to create 127 jobs, the Michigan Economic Development Corp. said in a memo.
The incentives were authorized to prevent Inteva from moving the new business to another location in Indiana, which offered lower logistics, labor and utilities costs, the MEDC said in a memo.
The city of Adrian is also expected to support the investment with a job fair for the company.
Inteva has in-house compounding, injection molding, compression molding and thermoforming. It is the former interiors production operations of Delphi Corp.