Spanish auto supplier Grupo Antolin plans to open a new $61.2 million manufacturing plant in the Detroit suburb of Shelby Township, Mich.
Antolin Shelby Inc., a newly formed subsidiary of Grupo Antolin, will lease a 350,000-square-foot building that is under construction.
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 new plant is needed as Antolin's other plants are at capacity, according to a Michigan Economic Development Corp. memo. Grupo Antolin, with its North American headquarters in Auburn Hills, operates plants in Michigan in Wayne, Marlette and Warren as well as in Kentucky, Illinois and Missouri.
The expansion stems from Antolin'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.
Grupo Antolin's acquisition made it the biggest injection molder in North America, according to Plastics News' rankings, with an estimated $2.6 billion in molding in the region.
Earlier this year, Grupo Antolin announced it would sell its seating business to Southfield, Mich.-based Lear Corp. for $307 million. That transaction is expected to close by June 30.